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Article

13 Sep 2010

Author:
FairPensions [UK], Greenpeace UK

[PDF] After the BP disaster, evidence that oil companies and their investors are unprepared for further catastrophic risks, as campaign urges action

In the wake of BP’s Deepwater Horizon disaster and its impact on UK pensions and other investments, evidence suggests that oil companies may be failing anticipate other major risks. Against this background, Greenpeace and FairPensions today launch a new campaign calling on investors to ensure that such risks are identified and managed. We are enabling individuals to ask those questions through a new website at www.gobeyondoil.org...There are worrying signs that oil companies may prove similarly unprepared to deal with the challenges of global warming...FairPensions’ research suggests that there is pervasive neglect of financially material environmental issues in the investment and pensions industry.