Workers at the Texas City refinery of BP (NYSE:BP) have sued the company for $10 billion over the equipment malfunction which released about 500,000 pounds of pollutants into the air, which included benzene.
BP also continues to struggle to fix the original problem at the refinery, five years after it happened.
These are two separate incidents; one of which killed 15 workers and injured hundreds more in a 2005 fire, and the latest one, which involves the $10 billion lawsuit, that happened just this spring.
The latest incident could cost the company even more, as it wasn't until 40 days later that they had a full report filed with the environmental commission (they did file an initial report after the accident), and BP didn't tell city leaders about the pollutants until a day before the final report was filed.
In this atmosphere, it's amazing to see what appears to be this type of reckless behavior which just begs for a lawsuit, and BP got what they wished for in this initial $10 billion lawsuit, which may be just the first of many.
5 comments:
Total rubbish this article has been made up how does this crap get onto google news articles, this is just speculative traders trying to scare investors.
I agree with Anon. Also this is not an inherent BP problem globally. BP are struggling with all the crap that they inherited when they purchased Amoco. This is an old Amoco faclitiy still run by ex-Amoco personnel
Here is a nice article about BP
http://www.stocksavenue.com/?p=444
Sorry you feel there is a conspiracy and someone is trying to lower your favorite stock price. Unfortunately its not just on this blog- its all over the news:
http://news.google.com/news/more?pz=1&cf=all&cf=all&ncl=dMDGx28_K5fSrVM6CZlDAzDx0RGLM
vnuyuafde http://crush-the-castle.com Crush The Castle
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