Yesterday BP announced that it has reached a $400 million settlement with the Environmental Protection Agency (EPA), the Department of Justice and others that will allow the company to modernize its Whiting, Indiana refinery. BP had been embroiled in multi-year negotiations for a permit for the project, the largest private-sector investment in Indiana history. By finding a way to move forward, BP estimates it will be able to create 10,000 jobs just this year.
Ross Eisenberg is vice president of energy and resources policy, National Association of Manufacturers.
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