U.S. Lifts Ban on BP Winning Federal Contracts

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March 13 (Bloomberg) -- U.S. officials have lifted a ban on government contracting imposed on BP Plc in response to a 2010 oil spill in the Gulf of Mexico that fouled beaches from Florida to Louisiana. Phil Mattingly has more on Bloomberg Television's "Street Smart." (Source: Bloomberg)


This is big news.

This is something they have been fighting for since the suspension was put into place in 2012. they have sued the epa to lift this ban.

For the companies -- 25 affiliates were no longer allowed to bid on government supply contracts or oil contracts.

That is now gone.

That means they can start bidding as soon as next week.

This has been a huge issue for the company.

This stems back to that 2010 oil spill.

It was a major problem.

The company pled guilty last year to federal criminal charges.

This has been the lagging issue they have been trying to deal with.

The epa, which has been fighting them for the last couple of months, says this is a fair agreement.

What they are putting in place

This text has been automatically generated. It may not be 100% accurate.


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