The Daily Californian
Days before signing the agreement between the campus and energy giant BP, the company and its subsidiaries to resolve a number of legal cases yesterday a total of $ 373 million.
The company, a deal with UC Berkeley in February for the construction of the Institute of life sciences, energy, there will be, in cases concerning cartels on prices in the market for propane during the 2004, an explosion in an oil refinery in Texas in the years 2005 and the leakage of oil in Alaska.
After a fall of the U.S. Commodity Futures Trading Commission, BP operated unlawfully, in February 2004, prices of the physical propane and tries to do the same in April 2003 by the curves of the market.
The company will pay a criminal fine of $ 100 million, the return of about $ 53 million, 25 million dollars to the U.S. Postal Inspection Consumer Fraud funds and a civil fine of $ 125 million Trading Commission.
A 20-count indictment, recharging station four former employees of BP America, Inc. for the incident yesterday was too.
The company is also the face
$ 50 million in criminal fines, as agreed in a plea for a one-count felony violation of the Clean Air Act of 2005, an explosion at a BP refinery in Texas that killed 15 and wounded 180.
In addition, the company to pay $ 12 million in criminal fines, $ 4 million in payments to the National Fish and Wildlife Foundation and $ 4 million in criminal matters, returned to the state of Alaska as part of a guilty plea for leakage of crude oil pipelines by the State.
The company pays a penalty of $ 7 million civilians and a year of a plan for monitoring respect for offences customers to manage the international capacity rights gas pipelines and storage.
A campus said officials of settlements are separated by the deal with BP.
“The contract is biofuels-it’s looking into the future and we are not on something outside that territory,” said spokesman Robert Sanders campus, and added that during a date has not been settled, he believes that the contract will be signed in early November.
Members of the Institute of Life Sciences Executive Energy Committee, said that cases have not been respected in the deliberations of the committee, the team has the right to the colonies.
“The action of life, it is certainly a problem of concern,” said Dan Kammen, a professor of energy and resources group and a member of a committee. “Whenever you connect to a company who had questions … it comes under discussion. ”
Some students, “said BP-Deal should not be encouraged.
“I think it’s just a classic case of how businesses operate,” said Nathan Murthy, a member of the student group Stop BP-Berkeley. “When they can save money, also in Given the situation, a disaster … (they think) let’s just ignore the costs.
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