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 …
Chevron – Global Environmental Standards Report (2008)
WHEREAS The Chevron Business and Ethics Code places the highest priority on the safety of its staff, community members and the environment where it operates. Corporate Policy 530 “commits Chevron to comply with the spirit and letter of all environmental, health and safety laws and regulations, regardless of the degree of enforcement.” Our company operates in 180 countries, including Africa, Asia and Latin America nations where environmental regimes may be less protective of human health and the environment than in North American and European countries where Chevron operates. CEO David O’Reilly has recognized the importance of our company’s relationships with …
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