BP at a glance

BP has been directly involved in several major environmental and safety incidents. Among them were the 2005 Texas City Refinery explosion, which caused the death of 15¬†workers and resulted in a record-setting OSHA fine; Britain’s largest oil spill, the wreck of Torrey Canyon; and the 2006 Prudhoe Bay oil spill, the largest oil spill on Alaska’s North Slope, which resulted in a US$25 million civil penalty, the largest per-barrel penalty at that time for an oil spill.[13]

The 2010 Deepwater Horizon oil spill, the largest accidental release of oil into marine waters in history, resulted in severe environmental, health and economic consequences,[14] and serious legal and public relations repercussions for BP. 1.8 million gallons of Corexit oil dispersant were used in the cleanup response, becoming the largest application of such chemicals in US history.[15] The company pleaded guilty to 11 counts of felony manslaughter, two misdemeanours, and one felony count of lying to Congress, and agreed to pay more than $4.5 billion in fines and penalties, the largest criminal resolution in US history.[16][17][18]