Financial Times FT.com

Lawsuit poses further risk to BP’s image

By Rebecca Bream in London

Published: June 29 2006 23:39 | Last updated: June 29 2006 23:39

The filing of a price-fixing lawsuit against BP on Wednesday, alleging that the oil company’s US-based traders manipulated the propane market, is the latest problem to hit the group’s North America operations.

BP has denied the charges, and says it will fight the case. But there is a risk that the lawsuit will add to the reputational damage the energy group has already suffered in the US, one of its biggest markets.

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