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March 14, 2014 AT 9:43 AM
The U.S. government has lifted a ban that excluded oil giant BP from new federal contracts, after the British company filed a lawsuit saying it was being unfairly penalized for its 2010 Gulf of Mexico spill. The Environmental Protection Agency and BP said they reached an agreement ending the prohibition on bidding for federal contracts on everything from fuel supply contracts to offshore leases after the company committed to a set of safety, ethical and corporate governance requirements.