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"With BP's reputation as a leading sustainable company destroyed, investors weigh alternatives of divestment or increased engagement. SocialFunds.com -- The implications of the disastrous oil spill in the Gulf of Mexico are many. As the stock price of BP, the oil and gas company responsible for the disaster, plummets-as of this writing, it has lost more than a third of its value since the explosion that killed 11 workers- and its very survival as a company seems threatened, one such implication is the materiality of environmental, social, and corporate governance (ESG) issues. On Wednesday, FairPensions, the UK-based organization whose mission is to promote sustainability investment in the pensions and investment industry, issued a press release which stated, "The need for responsible ownership has been underlined by the financial crisis and by the latest in a list of avoidable BP crises." However, FairPensions continued, "recognition of the financial risks of 'extra-financial issues' is usually not matched by practice on the part of pension funds and their fund managers." Safety violations by BP have become almost a commonplace in recent years, even before the Gulf disaster. In 2005, an explosion at the company's Texas City Refinery in Texas killed 15 workers and injured more than 170. In 2009, the US Occupational Safety and Health Administration (OSHA) imposed a fine of $87.4 million, the largest ever by the agency, on the company for failing to correct safety hazards in Texas City. In 2006, 200,000 gallons of oil spilled at Prudhoe Bay on the North Slope in Alaska, leading to payment by the company of $20 million in fines and restitution. Yet somehow, despite its record of safety violations, BP was considered a leading sustainable company, at least until the Gulf oil spill. In 2008, Fortu ne magazine ranked BP among the top ten most accountable big companies, citing the company's investments in renewable energy and its creation,

http://bp-holdings-barcelona-madrid-spain.wikia.com/wiki/BP_Holdings_Barcelona_-_Bly_Report:_recommendation_to_reality Immediately after the Deepwater Horizon accident in the Gulf of Mexico, BP asked its most senior safety professional, Mark Bly, to lead an investigation relating to the causes of the incident and make recommendations to help prevent such accidents from occurring. The investigation led to 26 recommendations for reducing risk in BP's drilling operations. Since the report's publication in 2010, BP has made a significant progress in implementing those 26 recommendations. BP Magazine finds out more In September 2010, four months after the Deepwater Horizon accident in the Gulf of Mexico, BP released its Deepwater Horizon Accident Investigation Report, known as the Bly Report, concluding that the accident resulted from a complex, interlinked series of failures involving multiple parties. The report was the work of an investigation team led by BP's head of safety and operations, Mark Bly, and consisted of more than 50 technical and other specialists, drawn not only from BP but also the wider energy industry. The team made 26 recommendations specific to drilling, aimed at further reducing risk. Accepting all of these recommendations, BP committed to their implementation across its worldwide drilling operations and the recommendations are now in the process of being implemented into the well designs by engineers and operations personnel. That implementation is overseen by the global wells organisation (GWO), established by BP in April 2011 to facilitate a stronger, centralised and standardised approach to all BP-operated wells activity. "Our mission is to deliver safe, compliant and reliable wells for BP," says Richard Lynch, head of GWO. "We have to be very clear about the work we are doing and the risks involved, and have plans in place to manage those risks. "Successfully delivering the report's recommendations will standardise th

http://clipboard.com/clip/LQXN2VntA3pnA6TPkfKo47BY4Aw-6BFmsDae THE BP oil spill in the US Gulf is now a Nigerian scam: From: Dudley Caruthers Esq (Barrister at Law) Subject: BP Related Agreement Entitlement E-mail: Dear Friend I am the private solicitor for Mr Tony Hayward, the esteemed Chairman and Chief executive of British Petroleum. My client has various personal and family related holdings of BP stock and options. Due to his faithful long standing service to BP the total value of his holdings amounts to in excess of 100m pounds sterling. Mr Heywood is a British citizen but it has been my sorrowful duty to advise him that his personal and family wealth is at great risk of being wrongfully confiscated by US authorities acting extra-territorially under special powers authorised by the US government and with the secret consent of a supine UK political and legal establishment. Obama? Mr Heywood is also at great risk of losing his personal liberty and becoming another victim of the long reach of the politicised USA legal system in the same way that was meted out to other British subjects including, most egregiously, the 3 bankers from Natwest. Unfortunately I am not able to advise or assist him in this regard as my expertise lies in the structuring of executive compensation schemes and the management of private endowments; but I am horrified at the witch hunt being perpetrated on my client by the Obama administration and its agencies and I will do all that I can to safeguard my client's financial position. I am reaching out to you as it has become clear that Mr Hayward's holdings must be liquidated and held in trust for the benefit of himself and his family beyond USA or UK legal jurisdiction. Exercise of his options and liquidation of his stock is now complete but it has proven necessary to assign title to the ensuing 100m pounds of cash to a person such as yourself who resides in a non recognised tax haven country and where there is a sound basis for

http://www.orkut.com/Main#CommMsgs?cmm=123390148&tid=5800849157852350653 THE BP oil spill in the US Gulf is now a Nigerian scam: From: Dudley Caruthers Esq (Barrister at Law) Subject: BP Related Agreement Entitlement E-mail: Dear Friend I am the private solicitor for Mr Tony Hayward, the esteemed Chairman and Chief executive of British Petroleum. My client has various personal and family related holdings of BP stock and options. Due to his faithful long standing service to BP the total value of his holdings amounts to in excess of 100m pounds sterling. Mr Heywood is a British citizen but it has been my sorrowful duty to advise him that his personal and family wealth is at great risk of being wrongfully confiscated by US authorities acting extra-territorially under special powers authorised by the US government and with the secret consent of a supine UK political and legal establishment. Obama? Mr Heywood is also at great risk of losing his personal liberty and becoming another victim of the long reach of the politicised USA legal system in the same way that was meted out to other British subjects including, most egregiously, the 3 bankers from Natwest. Unfortunately I am not able to advise or assist him in this regard as my expertise lies in the structuring of executive compensation schemes and the management of private endowments; but I am horrified at the witch hunt being perpetrated on my client by the Obama administration and its agencies and I will do all that I can to safeguard my client's financial position. I am reaching out to you as it has become clear that Mr Hayward's holdings must be liquidated and held in trust for the benefit of himself and his family beyond USA or UK legal jurisdiction. Exercise of his options and liquidation of his stock is now complete but it has proven necessary to assign title to the ensuing 100m pounds of cash to a person such as yourself who resides in a non recognised tax haven country and where there is a sound

This post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers. With all the commotion surrounding energy these days, it never hurts to track an energy focused hedge fund ran by none other than T. Boone Pickens. If you are unfamiliar with Pickens, he is an energy maverick and his fund returned 300% in 2005. He is a big advocate of Peak Oil Theory and runs an energy-centric hedge fund based in Dallas, Texas. Although he typically holds numerous positions in oil, he is also big on alternative energy (except ethanol) and has numerous holdings there as well. He most recently advocated a large natural gas position and has additionally made a big bet on wind energy. So, now that we've got a little background on Boone and BP Capital, let's see what they were up to. The following are BP Capital's current holdings as of June 30th 2008, as released in their most recent 13F filing with the SEC. The positions in this most recent 13F were compared to last quarter's 13F and here are the changes made to their portfolio: New Positions: BPZ Resources (BZP): 350,000 shares. This position is 0.48% of BP's portfolio. EOG Resources (EOG): 322,266 shares. This position is 1.9% of BP's portfolio. Tenaris (TS): 1,106,394 shares. This position is 3.88% of BP's portfolio. Devon Energy (DVN): 845,946 shares. This position is 4.79% of BP's portfolio. Chesapeake Energy (CHK): 1,838,129 shares. This position is 5.7% of BP's portfolio. Added to: Occidental Petroleum (OXY): Increased position by 2.88%. Now 8.7% of their portfolio. Transocean (RIG): Increased position by 2.88%. Now 8% of their portfolio. Suncor (SU): Increased position by 105.7%. Now 7% of their portfolio. Schlumberger (SLB): Increased position by 11.6%. Now 6.5% of their portfolio. Halliburton (HAL): Increased position by 65.7%. Now 6.1% of their portfolio. Denbury Resources (DNR): Increased position by 2.88%. Now 5.4% of their portfol

http://open.salon.com/blog/mileygrin/2012/10/19/bp_and_tony_hayward_are_now_a_nigerian_scam_letter_bp_hold THE BP oil spill in the US Gulf is now a Nigerian scam: From: Dudley Caruthers Esq (Barrister at Law) Subject: BP Related Agreement Entitlement E-mail: Dear Friend I am the private solicitor for Mr Tony Hayward, the esteemed Chairman and Chief executive of British Petroleum. My client has various personal and family related holdings of BP stock and options. Due to his faithful long standing service to BP the total value of his holdings amounts to in excess of 100m pounds sterling. Mr Heywood is a British citizen but it has been my sorrowful duty to advise him that his personal and family wealth is at great risk of being wrongfully confiscated by US authorities acting extra-territorially under special powers authorised by the US government and with the secret consent of a supine UK political and legal establishment. Obama? Mr Heywood is also at great risk of losing his personal liberty and becoming another victim of the long reach of the politicised USA legal system in the same way that was meted out to other British subjects including, most egregiously, the 3 bankers from Natwest. Unfortunately I am not able to advise or assist him in this regard as my expertise lies in the structuring of executive compensation schemes and the management of private endowments; but I am horrified at the witch hunt being perpetrated on my client by the Obama administration and its agencies and I will do all that I can to safeguard my client's financial position. I am reaching out to you as it has become clear that Mr Hayward's holdings must be liquidated and held in trust for the benefit of himself and his family beyond USA or UK legal jurisdiction. Exercise of his options and liquidation of his stock is now complete but it has proven necessary to assign title to the ensuing 100m pounds of cash to a person such as yourself who resides in a non recognised tax haven

TNK-BP is a major vertically integrated Russian oil company headquartered in Moscow. It is Russia's third-largest oil producer and among the ten largest private oil companies in the world.[1][2] TNK-BP is Russia's third largest oil company in terms of reserves and crude oil production. It is 50% owned by BP and 50% by a group of Russian businessmen, represented by the AAR (Alfa-Access-Renova) consortium. Since the merger in 2003 between BP's and AAR's assets in Russia and Ukraine, TNK-BP has expanded through acquisitions such as that of Slavneft and organically through improving operational efficiency. In that time, over a backdrop of shareholder dispute, TNK-BP's profits have risen from US$2.7 billion in 2003 to $5.3 billion in 2009. DeGolyer and MacNaughton confirmed that as of 31 December 2009 TNK-BP's total proved reserves amounted to 11.667 billion barrels (1.8549×109 m3) of oil equivalent, applying PRMS (formerly SPE) criteria. Proved reserves constitute a total proved PRMS reserve replacement ratio of 329%.[3]

NEW DELHI - Tata Power Co. 500400.BY -1.40% Thursday said it has renamed its solar-energy venture and appointed a new chief executive for the unit. Tata BP Solar India Ltd. will now be called Tata Power Solar Systems Ltd., the country's largest private power company by capacity said in a statement. The utility had in December signed an agreement to buy BP PLC BP.LN -2.92% unit BP Alternative Energy Holdings' 51% stake in the joint venture set up in 1989. Tata Power said it has appointed Ajay Goel as the chief executive of the solar company. Mr. Goel succeeds K. Subramanya, who had resigned in May. Tata Power Solar is engaged in the engineering and construction of solar-power projects. It also manufactures solar equipment.

Ethiopia's Yigrem Demelash brought the Kenyan dominance at the event to a halt today to grab the gold medal in style in a career best of 28:16.07. The Kenyan pair of Geoffrey Kipkorir Kirui and Philemon Kipchilis Cheboi had been hotly tipped as the main favourites but Demelash proved to be a master tactician and his arch-rivals Kenyans had to settle for the minor places on the podium on this occasion. The race opened quite conservatively as the lonesome early leader China's Binlu Wang went through the opening 1000m in 2:55.54 and a full 10-second margin over the rest of the 34 competitors. The Kenyan pair injected a lethal pace some 1500m into the race and only the Ethiopian duo and Uganda's Moses Martin Kurong were able to live with their pace. Kirui, who holds an impressive 26:55.73 to rank second on the all-time Junior lists, opened full gas after the second kilometre and an impressive 8:15 split for the following three kilometres led him lonesome at the front. Even before the halfway, Kirui began to lap the slowest contenders. The 5000m was reached in 14:14 with Kirui still leading but shortly after the sixth kilometre the Kenyan began to falter a bit to be caught by Cheboi and Demelash. It was Cheboi who took charge of the race then with respective splits of 2:48 for the seventh and eighth km; surprisingly, that kind of pace proved to be enough to leave Kirui behind while Demelash stayed comfortably at Cheboi's shoulder. The decisive moment came some three laps home when Cheboi was unable to maintain his own pace and was effortlessly passed by Demelash, who covered the penultimate 1000m section in 2:51.41. There were no remarkable changes in the closing laps with Demelash ruling at the bell some 40m ahead of Cheboi, himself another 30m clear of Kirui. In addition to Demelash PB of 28:16.07 Cheboi also produced a career best of 28:23.98 in second for Kirui's 28:30.47 in third. Demelash, who lapped every athlete from sixth onwards, is not entere