Ex-BP Trader Accuses Company of Manipulating Gas Prices
This article is for subscribers only.
The former head of natural gas liquids trading at BP Plc’s BP Energy Co. in Texas accused the company in a lawsuit of wrongfully firing him in order to manipulate the market and gouge Americans with inflated prices.
Drew Sickinger, in a complaint filed Jan. 30 in state court in Houston, said his removal leaves London-based BP positioned to engage in price manipulation by establishing a dominant and controlling position in the market. Details of the alleged plan aren’t revealed in the complaint.