BP faces criminal inquiry into Alaskan oil spill
Date: 9 Jun 2006
BP faces a criminal investigation in the US following its massive oil spill in Prudhoe Bay, Alaska.
The company admitted it had received a subpoena over the affair after internal emails were leaked. It said that the information it was to hand over would show that it had acted properly.
The spill, which BP blames on internal corrosion in the pipes, saw around 1m litres of oil enter the environment. The company denies it did not maintain the pipeline properly.
BP is already being investigated for the blast at its Texas refinery in 2005 which killed 15 people.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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