BP to Pay Record Fine, Spend $500M to Upgrade Texas Refinery

BP will pay a $50.6 million penalty and spend at least $500 million to upgrade its Texas City, Texas, refinery where a 2005 explosion killed 15 workers.

The record fine was negotiated after the U.S. Department of Labor last year found BP "failed to live up to several extremely important terms" in a 2005 agreement with the Occupational Safety and Health Administration, according to an OSHA news release.

In May, a Center for Public Integrity analysis found 97 percent of what OSHA classified as the worst worker safety violations at two BP refineries, including the one in Texas City.

Check back with The Center for Public Integrity throughout the day for more updates.