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  • U.S. bans BP from new government contracts after oil spill deal

    11/28/2012 8:08:02 AM PST · by JoyjoyfromNJ · 9 replies
    Reuters via Yahoo ^ | Nov 28, 2012 | J.Leff,K.Wukowski,A.Callus,A.Rascoe
    "The U.S. government temporarily banned BP Plc from federal contracts on Wednesday over its "lack of business integrity" in the Deepwater Horizon oil spill in 2010, a move that the British company had said could force it to rethink its entire U.S. operations. The U.S. Environmental Protection Agency said the suspension was "standard practice" following criminal actions. . . . The suspension means that BP will not be able to secure any new contracts with the U.S. government, including the lease of new exploration territory in the federal Gulf of Mexico, one of BP's biggest oil production regions globally. Some...