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Petrobras and its senior executives violated provisions of U.S. and Brazilian corporate law, according to a complaint in Manhattan federal court.
The company’s stock was down slightly less than a cent in trading Monday — 0.008 or 1.67 percent — to $0.448.
Fines for the 2010 Deepwater Horizon disaster could reach as high as $13.7 billion against BP.
The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years.
The state Department of Environment and Natural Resources previously called the penalty the state’s largest for environmental damages.
Blankenship entered his plea on Tuesday at an arraignment hearing in U.S. District Court in Beckley.
Of 651 landowners in New York and Pennsylvania affected by the $700 million pipeline project, 125 refused to sign right of way agreements.
Cheniere CEO Charif Souki’s take home in 2011 climbed to $142 million, the highest amount for any U.S. public-company chief executive
The lawsuit brought by the Independent Petroleum Association of America and the Western Energy Alliance challenges the new mandates as “a reaction to unsubstantiated concerns.”
Jiang Jiemin was charged with abusing his position at China National Petroleum Corp. and taking bribes, which led to large losses of public money, the national prosecutor’s office said in a statement.