sanctions News

Tainted Oil: Exxon, Others Say U.S. Government Sold Toxic Crude

About the photo: A contractor works at Bryan Mound Strategic Petroleum Reserve in Freeport, Texas. Photographer: Luke Sharrett/Bloomberg Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. …

Governor Announces Lawsuit vs NCAA Over Penn State Scandal

Pennsylvania Governor Tom Corbett said on Wednesday he will ask a federal court to throw out the multimillion-dollar sanctions levied by the NCAA against Penn State University over the Jerry Sandusky sex-abuse scandal, saying the punishment threatens to cause devastating …

U.S. Sanctions BP, Contractors for Gulf Oil Spill

The U.S. offshore drilling regulator Wednesday formally issued sanctions against BP and the major contractors involved in the 2010 explosion on the Deepwater Horizon rig that killed 11 workers and spewed more than 4 million barrels of oil into the …