October 2015 Posts
Eight large corporations have each been penalized more than $1 billion in environmental, health and safety cases brought by federal regulatory agencies since 2010. Forty have paid $100 million or more. The list is topped by BP, whose $25 billion total—coming mostly from cases relating to the 2010 Deepwater Horizon disaster—far exceeds that of any other company. “Penalty” as used here includes not only federal fines but also related state fines and the cost of supplementary environmental projects companies are often compelled to undertake as part of settlements.
These are among the findings of BP and Its Brethren, a report analyzing information in Violation Tracker, a new database of corporate misconduct. Both were produced by the Corporate Research Project of Good Jobs First and are at violationtracker.org.
Amid a global scandal in which Volkswagen admitted to equipping its diesel-engine cars with devices that cheat air pollution tests, Tennessee lawmakers are planning to review the state’s subsidy contract with the German automaker, including the clawback provisions.