Create a free Manufacturing.net account to continue

Environmental funds battled BP for years

BOSTON (Reuters) - Even before BP Plc's massive oil spill in the Gulf of Mexico began in April, the company was losing its sterling reputation with fund managers focused on the environment.

BOSTON (Reuters) - Even before BP Plc's massive oil spill in the Gulf of Mexico began in April, the company was losing its sterling reputation with fund managers focused on the environment.

Though once hailed for its investments in renewable energy and a green advertising campaign, the British oil giant worried fund managers over a string of accidents and safety fines dating to 2005.

SOURCE

More