March 5, 2008 | Mark Paradies

More News on Costs of BP Texas City Explosion

The recent BP Annual Report (page 26), BP increased the reserve to settle legal claims from the Texas City Refinery explosion from $1.6 Billion to $2.125 Billion.

Also, the Houston Chronicle reported that a Federal Appeals Court must rule on whether the blast victims were properly consulted before a federal Judge can rule on the $50 million EPA Clean Air Act violation settlement agreement between BP and the EPA.

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