Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BP plc    BP.   GB0007980591

BP PLC

(BP.)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

BP : Court seems ready to curb claims over Montana Superfund site

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/03/2019 | 02:12pm EST

WASHINGTON (AP) — The Supreme Court seemed inclined Tuesday to rule that Montana homeowners who are seeking additional cleanup of arsenic left over from years of copper smelting need the permission of the Environmental Protection Agency.

That outcome would be a loss for the homeowners and a win for Atlantic Richfield Co. The BP-owned company is the owner of the shuttered Anaconda smelter that is at the center of a 300-square-mile Superfund site. The company says it has spent $470 million to clean the site.

The justices heard arguments over the company's effort to shut down claims in state court that it should have to pay more. Homeowners who are dissatisfied with the EPA-ordered cleanup want Atlantic Richfield to pay for the removal of more arsenic-tainted soil from their properties.

A high court ruling for Atlantic Richfield would not end the claims, but it would be significantly harder for the homeowners to pursue their lawsuit in Montana courts.

Several justices seemed troubled by the idea that property owners whose land has been contaminated could undertake cleanup without EPA approval. Digging up a yard to put in a sand box for children could “stir up infected dirt that could harm your neighbors many miles away,” Chief Justice John Roberts said.

Joseph Palmore, the lawyer representing homeowners in Opportunity, Montana, said the EPA has conceded it has ample authority to stop people who take measures that are inconsistent with the cleanup of a Superfund site.

But Justice Elena Kagan remarked that it might be hard for the EPA to ”go around and try to figure out who's creating sand boxes " on Superfund sites.

The EPA is supporting the company at the Supreme Court.

The Montana Supreme Court ruled in 2017 that the homeowners could pursue their claims against Atlantic Richfield in state court.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BP PLC
04:56aBP : Q3 2019 Payment of dividends in Sterling
PU
03:15aUnited Oil & Gas to Raise $6.25 Million via Placing to Fund Rockhopper Egypt ..
DJ
12/08Companies Dust Off Old Technology in Search of High-Quality Recycled Plastic
DJ
12/05Saudi Aramco - the oil colossus
RE
12/05BP : increases stake in solar energy firm Lightsource BP
RE
12/05BP : increases stake in solar energy firm Lightsource BP
RE
12/05BP : Enters Joint Venture With Lightsource BP
DJ
12/05BP : faces complaint over 'misleading' advertising
AQ
12/04New Zealand Regulator Recommends Market Changes to Cut Gasoline Prices
DJ
12/04Amazon Web Services in Sustainable Energy Deal With BP
DJ
More news
Financials (USD)
Sales 2019 278 B
EBIT 2019 19 566 M
Net income 2019 6 396 M
Debt 2019 49 279 M
Yield 2019 6,45%
P/E ratio 2019 16,9x
P/E ratio 2020 11,4x
EV / Sales2019 0,63x
EV / Sales2020 0,59x
Capitalization 125 B
Chart BP PLC
Duration : Period :
BP plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 7,71  $
Last Close Price 6,21  $
Spread / Highest target 51,1%
Spread / Average Target 24,2%
Spread / Lowest Target -0,08%
EPS Revisions
Managers
NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Helge Lund Chairman
Andy Hopwood Group COO, Executive VP-Strategy & Regions
Brian Gilvary Group Chief Financial Officer & Executive Director
Angela Rosemary Emily Strank Chief Scientist & Head-Downstream Technology
Sector and Competitors
1st jan.Capitalization (M$)
BP PLC-4.61%124 728
EXXON MOBIL CORPORATION1.94%294 104
RELIANCE INDUSTRIES38.68%129 281
CHINA PETROLEUM & CHEMICAL CORPORATION-22.18%81 003
PHILLIPS 6631.82%50 461
SUNCOR ENERGY INC.11.07%49 086