BP to Pay $50M Fine for 2005 Texas Refinery Blast

HOUSTON, TX - The US Government said Thursday that BP will pay a record $50.6 million fine for lingering safety problems that stemmed from a deadly 2005 explosion that killed 15 workers at its Texas City, Texas. The fine is the latest blow to hit the giant oil company still reeling from the biggest marine oil spill in U.S. history, where the company faces billions of dollars worth of fines and other penalties.[B]Read Full Story[/B]