Actually, not only in cosmetics, even in canned food you can find BHA, for example…
Use in Cosmetics
BHA (butylated hydroxyanisole) and BHT (butylated hydroxytoluene) are closely related synthetic antioxidants used as preservatives in lipsticks and moisturizers, among other cosmetics. They are also widely used as food preservatives.
Health and Environmental Hazards
BHA and BHT can induce allergic reactions in the skin. The International Agency for Research on Cancer classifies BHA as a possible human carcinogen. The European Commission on Endocrine Disruption has also listed BHA as a Category priority substance, based on evidence that it interferes with hormone function.
Long-term exposure to high doses of BHT is toxic in mice and rats, causing liver, thyroid and kidney problems and affecting lung function and blood coagulation. BHT can act as a tumour promoter in certain situations. Limited evidence suggests that high doses of BHT may mimic estrogen, the primary female sex hormone, and prevent expression of male sex hormones, resulting in adverse reproductive affects.
Under the Convention for the Protection of the Marine Environment of the North-East Atlantic, BHA is listed as a chemical of potential concern, noting its toxicity to aquatic organisms and potential to bioaccumulate. Likewise, a United Nations Environment Program assessment noted that BHT had a moderate to high potential for bioaccumulation in aquatic species (though the assessment deemed BHT safe for humans).
The use of BHA and BHT in cosmetics is unrestricted in Canada, although Health Canada has categorized BHA as a “high human health priority” on the basis of carcinogenicity and BHT as a “moderate human health priority”. Both chemicals have been flagged for future assessment under the government’s Chemicals Management Plan.
International regulations are stronger. The European Union prohibits the use of BHA as fragrance ingredient in cosmetics. The State of California requires warning labels on products containing BHA, notifying consumers that this ingredient may cause cancer.