...[BP] will pay a $25 million penalty for the largest oil spill ever on Alaska's North Slope and spend an additional $60 million upgrading its oversight of corroded pipelines in Alaska. The U.S. Department of Justice and the Environmental Protection Agency on Tuesday reached a settlement agreement with BP Alaska, a subsidiary of BP America, for two back-to-back spills in 2006. The largest of the spills, in March of that year, dumped 212,000 gallons of oil onto the tundra from a worn-out section of pipe that hadn't been properly inspected in years...Karen Loeffler, U.S. attorney for the state of Alaska. "The settlement makes clear that those companies that transport hazardous materials have to put in the money and put up the plans to maintain the integrity of their systems so that we don't have oil spills."