Skip to main content

Market Overview

BP Unit Slapped With $40M Fine For Air Pollution Charges At Indiana-Based Refinery

Share:
BP Unit Slapped With $40M Fine For Air Pollution Charges At Indiana-Based Refinery

BP plc (NYSE: BP) subsidiary, BP Products North America Inc., has been charged a “record-setting” penalty of $40 million by the U.S. Justice Department for hazardous air emissions at its Indiana-based Whiting oil refinery.

  • The regulatory body indicted BP Products North America for violating regulations in curbing benzene emissions in wastewater and emissions of other harmful pollutants.
  • “This is the largest civil penalty ever secured for a Clean Air Act stationary source settlement,” the U.S. Justice Department said.
  • As part of the settlement, BP Products North America will make capital investments worth more than $197 million.
  • The company will install one or more permanent benzene strippers to reduce benzene in wastewater streams leading to its lakefront wastewater treatment plant.
  • The subsidiary separately also agreed to undertake a $5 million supplemental environmental project to curb diesel emissions in the communities surrounding the Whiting Refinery.
  • The measures, once adopted, are expected to curb benzene production by an estimated 7 tons per year, other hazardous air pollutants (HAP) by 28 tons per year, and other volatile organic compound emissions (VOC) by 372 tons per year.
  • BP Products North America will also install 10 air pollutant monitoring stations to monitor air quality outside the refinery fence line.
  • “This settlement sends an important message to the refining industry that the United States will take decisive action against illegal benzene and VOC emissions,” said Assistant Attorney General Todd Kim of the Justice Department’s Environment and Natural Resources Division.

Also Read: BP Concludes TravelCenters Of America Buyout, Adds To EBITDA Immediately

Price Action: BP shares are up by 1.62% to $36.12 Wednesday at publication.

Photo: Shutterstock

 

Related Articles (BP)

View Comments and Join the Discussion!

Posted-In: Briefs gas OilEquities News Commodities Markets General

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com