BP shareholders protest Canadian oil sands project
Tuesday, 9 February 2010
OTTOWA, Feb 8 (Bloomberg): BP Plc shareholders put a resolution to the annual meeting on April 15 for a review of the risks of the company's Canadian oil sands project, following a similar protest against competitor Royal Dutch Shell Plc.
A coalition of investors requested the review in a resolution to BP's annual meeting, FairPensions, the campaign's coordinator, said in a statement today. The risks include increased carbon costs and reputational damage from environmental damage, according to London-based FairPensions, which represents unions, charities and faith groups.
A coalition of investors requested the review in a resolution to BP's annual meeting, FairPensions, the campaign's coordinator, said in a statement today. The risks include increased carbon costs and reputational damage from environmental damage, according to London-based FairPensions, which represents unions, charities and faith groups.