• Text size      
  • Send this article to a friend
  • Print this article

US ban on BP lifted

The US has lifted a ban on oil giant BP winning federal government contracts in the wake of the Gulf of Mexico oil disaster in 2010.

BP said it had reached agreement with America's Environmental Protection Agency (EPA), which will also see it withdraw a lawsuit challenging the suspension and open the way for it to enter into new leases in the Gulf.

Britain backed efforts to lift the ban and in December filed a statement to a US court considering the case that it "may have been excessive". The company's prospects are seen as important to UK jobs and pension funds.

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

219372