"BP to Pay Record Fine for Refinery"

"BP has agreed to pay a record $50.6 million fine to the federal government for safety violations found by regulators last year at its troubled refinery in Texas City, Tex., where 15 workers died in a 2005 explosion.

In addition, the oil  giant has agreed to take immediate steps to protect those now working at the refinery and to spend at least $500 million on safety efforts there, according to the federal Occupational Safety and Health Administration."

Steven Greenhouse reports for the New York Times August 12, 2010.

Source: NYTimes, 08/13/2010