Bloomberg: BP Investors Protest Against Oil-Sands Venture, Times Reports
By Lenka Ponikelska
April 18 (Bloomberg) — A group of BP Plc shareholders at the company’s annual meeting in London objected to the oil company’s decision to extract the fuel from Alberta oil sands, the London-based Times reported.
Eleven U.S. and British fund managers yesterday said BP’s decision to form an oil-sands venture with Canada’s Husky Energy Inc. last year was “deeply disappointing” and represented a step backward, the Times said.
Oil sands development is having some of the most serious “environmental impacts of any fossil fuel,” one investor, Miles Litvinoff of the Ecumenical Council for Social Responsibility, said, according to the newspaper.
The fund managers, which hold about $40 million of BP stock, include Boston Common Asset Management LLC, Trillium Asset Management Corp., Rathbone Greenbank Investments and NorthStar Asset Management, the Times said.
To contact the reporter on this story: Lenka Ponikelska in London [email protected]
Last Updated: April 17, 2008 19:07 EDT
http://www.bloomberg.com/apps/news?pid=20601102&sid=aF9vqtvgH1aE&refer=uk
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
