Prudhoe Bay oil spill civil fines hit BP’s stock

The Environmental Protection Agency (EPA) reveals that BP has been charged 25 million dollars in civil fines for the oil spill that occurred in Alaska’s main oil producing region of Prudhoe Bay in 2006. All total, BP will pay 85million dollars in penalties and civil fines. In 2006 a BP oil pipe leaked over five thousand barrels worth of crude oil on Alaska’s North Slope. Investigations show the leak was the result of a hole that had corroded in the pipeline. Five months later another leak occurred in the same…

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