BP PLC, Europe's
second-largest oil company, settled claims by eight workers injured in
a 2005 Texas refinery blast, ending a trial that may have led to a $1
billion (U.S.) punitive-damages award.
The terms were confidential.
BP has said it exhausted a $1.6 billion fund created to resolve more
than 4,000 blast-related claims. The London-based company, which has
settled all wrongful death claims and most of the serious injury claims
stemming from the explosion, still faces more than 1,200 explosion
lawsuits.
BP settled three previous trials either during jury selection or before jurors finished hearing evidence.
The
latest settlement comes after the former head of the Texas agency that
regulates industrial emissions testified BP submitted deceptive
information to obtain air-pollution permits covering the unit that
exploded. BP has claimed it never intentionally submitted incorrect
information
From The Toronto Star