Trillium Portfolio Manager and Energy Analyst Will Lana Interviewed on Fox Business News
Will Lana, Trillium portfolio manager and energy analyst, appeared on Fox Business News on June 17, 2010. Will discussed Trillium’s decision to sell BP in early May. Click here to watch the interview. …
"Green Investors Pull Out of BP"
Trillium CEO Matt Patsky was quoted in Forbes.com on June 4, 2010, in an article about money managers divesting their holdings of BP after the oil spill. “This has turned into something that is much worse than we ever could have imagined, ” Patsky said. “Our fears were that this would turn into a bigger tragedy than the market originally thought.” Click here to read the full article. …
Tar Sands Shareholder Proposals Pick Up Steam in 2010
In a show of how seriously investors, environmentalists and advocates are looking at the environmental costs and financial uncertainties associated with tar sands, support has grown dramatically for shareholder resolutions filed at major oil companies. This movement parallels increased activity on the part of more than 50 nongovernmental organizations working to slow down the expansion of tar sands projects. Extracting oil from tar sands, also known as oil sands, is an energy-intensive and damaging process, whereby oil that is mixed with sand, clay, other mineral sediments and water is separated often using hot or warm water. The oil is either …
Investors Decry BP's Entry Into Tar Sands
INVESTORS DECRY BP’S ENTRY INTO TAR SANDS Statement to be submitted at BP annual meeting today in London Contacts: Shelley Alpern, Trillium Asset Management Corporation (617) 292-8026, x 248 Lauren Compere, Boston Common Asset Management (617) 720-5557 April 17, 2008 (Boston) – A group of American and British investors released a statement today expressing disappointment at BP’s (NYSE: BP) investment in the Canadian tar sands, calling the move a “disturbing step backwards.” A representative from the Ecumenical Council for Corporate Responsibility intends the statement at BP’s annual stockholder meeting, which is taking place today at ExCeL London in London …
Tar Sands Development Stickier Than Anticipated
In a rational global economy not entirely driven by short-term profit maximization, the collective body politic of all nations would have applied the precautionary principal to the threat of climate change twenty years ago. We’d now be celebrating the fruits of two decades of aggressive efficiency measures, phased down fossil fuel use, and the mass distribution of renewable energy technologies. Instead, we have the tar sands. Record oil prices and declining access to the oil and gas resources of nations such as Russia, Saudi Arabia, Sudan and Venezuela has led to a rush to develop Canada’s tar sands deposits. CIBC …
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