How can an ethical fund hold BP?

By Emma Wall | Telegraph.co.uk Published: 4:28PM BST 04 Jun 2010

Reuters

Shareholders are the latest victims in the oil spill disaster – with no solution in sight, BP’s share price is plummeting as fast as the black gold is pumping into the Gulf of Mexico.

On Tuesday alone its shares dropped by 13pc, finishing the week XXpc down at XXp. This is bad news for private investors and fund managers. BP is traditionally a defensive stock, meaning UK equity funds and cautious managed funds, as well as FTSE trackers, could have exposure to the mega cap and be feeling the effects of the fallout.

However, BP was removed from the Dow Jones Sustainability Indices last week. The firm that oversees the indices said the leak’s impact on the environment, local community and BP’s reputation meant it no longer qualified for inclusion.

So how can an ethical fund hold an oil company – especially one embroiled in the worst spill in US history? Read More


Bookmark and Share

***


Upcoming Events & Seminars

More Events »

Whipp Tips & News

The Remarkable Rise Of ESG

The idea that investors who integrate corporate environmental, social and governance risks can improve returns is now rapidly spreading across capital markets on all continents.

Details »

Behind Manulife's historic $600 million green bond issue

first for an insurer in domestic market

Details »

Meet Triodos, the ethical investment firm trying to fund a better world

Investors are tired of questionable practices where executives at underperforming businesses are paid huge bonuses, and of companies making staggering amounts of money at a huge cost to the planet.

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