How a new ‘golden rule’ is shaping oil and gas projects


From www.theglobeandmail.com |Published Wednesday, Aug. 06 2014, 1:23 PM EDT

“He who has the gold,” said the stunted king from the cartoon The Wizard of Id, “makes the rules.”

A growing number of institutional investors are heeding the king of Id’s sarcastic “golden rule.” But unlike Brant and Hart’s irreverent cartoon, the real-life outcome of shareholder activism – the influence of the guys with the gold – on big energy companies, may not be so funny. Today’s new rules are such that companies, guided by their vocal shareholders, are progressively shunning big, risky oil and gas projects that take forever to build. read more>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Marijuana sector’s books more like ‘audited hallucinations’ than financial statements, accountants say

Overly rosy plant valuations can then lead to big writeoffs in an industry that’s already prone to wild price swings

Details »

Majority of Canadians want laws to end gender pay gap: poll

he Insights West survey conducted for Maclean’s found 82 per cent of respondents believe there should be new federal legislation that guarantees equal pay for work of equal value in Canada.

Details »

Socially responsible investing gets a Trump bump

Last year, investors plugged $6.4-billion into socially responsible mutual funds and exchange-traded funds, according to Jon Hale, head of sustainable investing research at Morningstar.

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association