Trillium News

Trillium joins Ceres, Other Investors to Press Energy Companies to Better Disclose Spill Prevention and Response Plans for Deepwater Wells Worldwide

In the wake of the largest oil spill in the nation’s history resulting from the explosion on the Deep Horizon oil rig, Trillium has joined over 50 U.S. and other global investors in sending letters to major energy companies asking the companies to disclose information regarding their risk oversight measures, including spill prevention and response plans, for their own offshore oil operations around the world.
A second letter,  sent to 26 insurance companies that provide insurance for offshore drilling activity, asks whether the companies are considering adjustments to their overall exposure to offshore oil and gas operations, or considering changes in their underwriting criteria, among other questions.
Please click here to see Ceres’ press release regarding the letters or to read examples of the letters sent.