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Wednesday 27th of May 2015

BP fined $50.6m fine for Texas explosion in 2005

BP fined $50.6m fine for Texas explosion in 2005

Beleaguered oil giant BP has agreed to pay a record fine of $50.6 million (£32.5 million) for neglecting to correct safety hazards at its plant in Texas, where 15 men were killed in an explosion in 2005.

The US Occupational Safety and Health Administration (OSHA) said the penalty “rightly reflects BP’s disregard for workplace safety”.

The oil company has also agreed to spend $500 million over the next six years on fixing safety problems at the oil refinery, after already spending over $1 billion on safety and infrastructure improvements at the plant during 2005-2009.

The fine comes at a time when BP has finally capped the Gulf of Mexico oil leak.

The disaster happened after an explosion on a BP oil rig on 20 April, which took the lives of 11 people. The explosion led to thousands of barrels of oil leaking from the damaged well.

Earlier this week, the company said its total clean-up costs relating to the disaster have surpassed the $6 billion mark.

According to the company, costs have now reached $6.1 billion (£3.8 billion), including $319 million in compensation payments to businesses and individuals affected by the spill.


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