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28 Nov 2012

Guy Chazan, Financial Times

BP hit by temporary ban on US contracts

The US Environmental Protection Agency announced on Wednesday it had suspended [BP] from bidding for new contracts, citing “BP’s lack of business integrity” over the [Deepwater Horizon] explosion that killed 11 men and triggered the worst oil spill in US history...Any curbs on BP’s activities in the US...would be detrimental to the company...BP said the suspension will be lifted as soon as it can demonstrate “present responsibility” to conduct business with the US government. The company said it was in “regular dialogue” with the EPA and had already provided it with a statement of more than 100 pages as part of its efforts to prove it is responsible.