U.S. fines BP $5 million for reports on tribal lands
By Timothy Gardner and Tom Doggett | July 1, 2010 5:40 AM EST
The Department of Interior said on Wednesday it fined BP Plc a civil penalty of $5.2 million for submitting "false, inaccurate, or misleading" reports for energy output on tribal lands in Colorado.
Southern Ute tribal auditors said they initially discovered errors during an audit and notified BP in August 2007. They said BP reported incorrect royalty rates, prices, and well production of oil or natural gas on leases.
"It is simply unacceptable for companies to repeatedly misreport production, particularly when it interferes with the auditing process," Michael R. Bromwich, the director of BOEM, said in a release.
BP did not return phone calls about the fine.
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