Shareholder in BP or Shell?

FairPensions

Are you bothered by what Shell and now BP are getting up to in Canada? Oil Sands are neither environmentally nor socially sustainable but for investors the immediate question is whether sinking money into oil sands make good business sense in the short, medium or long term.

FairPensions is co-ordinating the tabling of resolutions (in-time for both companies' 2010 AGMs) calling on BP's and Shell's boards to furnish investors with a dedicated report on the costs and risks posed by oil sands and how these are being managed to protect investors' interests. To file the resolutions FairPensions is looking for shareholders of all sizes who'd like to see Shell and BP provide clear answers. If you have shares in either or both and would like to be amongst the 100 co-filers required, contact Louise Rouse (louise.rouse(at)fairpensions.org.uk or 020 7403 7800).

purch

Are you bothered by what Shell and now BP are getting up to in Canada?

No.

Oil Sands are neither environmentally nor socially sustainable

According to who ??

olivetti

FairPensions wrote: »

Are you bothered by what Shell and now BP are getting up to in Canada? Oil Sands are neither environmentally nor socially sustainable but for investors the immediate question is whether sinking money into oil sands make good business sense in the short, medium or long term.

FairPensions is co-ordinating the tabling of resolutions (in-time for both companies' 2010 AGMs) calling on BP's and Shell's boards to furnish investors with a dedicated report on the costs and risks posed by oil sands and how these are being managed to protect investors' interests. To file the resolutions FairPensions is looking for shareholders of all sizes who'd like to see Shell and BP provide clear answers. If you have shares in either or both and would like to be amongst the 100 co-filers required, contact Louise Rouse (louise.rouse(at)fairpensions.org.uk or 020 7403 7800).

Yawn :rolleyes::rolleyes:

Myrmidon_J

FairPensions wrote:

Are you bothered by what Shell and now BP are getting up to in Canada? Oil Sands are neither environmentally nor socially sustainable but for investors the immediate question is whether sinking money into oil sands make good business sense in the short, medium or long term.

I'm intensely bothered. For this reason, I'm not an investor in BP or Shell. I think that if you have a strong green agenda, you'd be better off avoiding oil companies altogether - perhaps choosing companies investing in green or renewable energy instead.

I don't think there can be many eco warriors with large holdings in BP, Shell, or any of the others!

Good luck with the activism, though.

Biggles

Spam button clicked.

Masomnia

Myrmidon_J wrote: »

...perhaps choosing companies investing in green or renewable energy instead.

BP did commit to investing $8billion on low carbon fuels by 2015, whether they do or not is another matter. How much do Greenpeace invest?

Reaper

FairPensions wrote: »

Are you bothered by what Shell and now BP are getting up to in Canada? Oil Sands are neither environmentally nor socially sustainable but for investors the immediate question is whether sinking money into oil sands make good business sense in the short, medium or long term.

Good business sense? A single source, the Canadian tar sands, has proven reserves second in size only to Saudi Arabia. Wouldn't it be financially irresponsible not to investigate whether it can be extracted profitably?

As to the environment - there are at least 3 different extraction methods under development, some, such as ET-DSP, might be very clean if they work.

Besides, isn't removing tar from sand normally considered an environmentally good thing to do? That's what we are always told when spilt oil from tankers washes up on our shores!

sabretoothtigger

From 2012 Shell will be producing natural gas not oil in the majority, since lng is a much cleaner fuel it could be that they become the cleanest large energy producer in the world