The U.S. government banned BP Plc on Wednesday from new federal contracts over its "lack of integrity" in the 2010 Deepwater Horizon oil spill, possibly imperiling the company's role as a top U.S. offshore oil and gas producer and the No. 1 military fuel supplier.
The suspension, announced by the Environmental Protection Agency, comes on the heels of BP's November 15 agreement with the U.S. government to plead guilty to criminal misconduct in the Gulf of disaster, the worst offshore oil spill in U.S. history. The British energy giant agreed to pay $4.5 billion in penalties, including a record $1.256 billion criminal fine.
BP and its affiliates are barred from new federal contracts until they demonstrate they can meet federal standards, the EPA said. The suspension is "standard practice" and BP's existing U.S. government contracts are not affected, it said.
Note EU-Digest: obviously what would be interesting to know is what the existing
U.S. government contracts are which are not affected ?
Read more: U.S. bans BP from new government contracts after oil spill deal | Reuters
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