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BP Agrees To $85M Settlement In Alaska Spill Suit

By Martin Bricketto (May 3, 2011, 2:42 PM EDT) -- Federal environmental regulators said Tuesday that a BP PLC subsidiary will pay a $25 million civil penalty and spend $60 million on safety upgrades to resolve litigation over pipeline spills that dumped more than 5,000 barrels of oil on Alaska's North Slope in 2006....

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