Resources: Energy

A February 2004 Sunday Times article alleged that BP knew about safety faults with its anti-corrosion sealant coating for its Caspian oil pipeline, but did not disclose them when trying to secure funding from publicly-funded export credit agencies and multilateral development banks. A UK government minister and officials from the UK's export credit agency gave public assurances that the coating had been used extensively elsewhere on similar pipelines, but subsequently-released documents indicate that it had not.