BP Would Be Barred From New U.S. Leases in House Bill
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BP Plc would be barred from new U.S. offshore leases to drill for oil or natural gas because of past safety violations under an amendment approved by a House panel.
The House Natural Resources Committee adopted the provision by voice vote today while considering legislation to toughen safety standards for offshore drilling after the BP spill in the Gulf of Mexico. The panel delayed a vote on the broader measure until tomorrow.