BP to pay record safety fine for 2005 refinery explosion

BP has agreed to pay a $50.6 million federal fine for ongoing worker-safety violations at the site of a 2005 explosion at its Texas City, Texas, refinery that killed 15 workers, The New York Times reports.

The penalty from the Occupational Safety and Health Administration reflects BP's failure to correct problems at the plant since the explosion. BP paid a $21 million fine in 2005 and agreed to a number of improvements. In the settlement announced Thursday, BP accepted 270 citations for failing to fix problems it had promised to address, the Times reports.

Under the new settlement, BP must also take immediate steps to protect workers at the refinery and spend at least $500 million on safety efforts there.