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US and Australian funds join BP rebellion on oil sands

US and Australian funds join BP rebellion on oil sands A collection of influential international investors have added their support to a shareholder rebellion over BP's plans to invest in the controversial Canadian oil sands. BP does not have any oil sands production at present but expects to approve the development of its Sunrise site in Canada later this year in a £6.6bn venture shared with Husky covering an 60000 sq mile area in Alberta.

News Item details


Websites: http://www.telegraph.co.uk

Keywords: Oil sands

Countries: Canada -

Organisation: Husky Oil Ltd|BP

Subjects: Crude oil, Oil

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