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Jun 12, 2010

BP no longer on sustainable index?

I can't imagine anyone who is selling a finite commodity that has peaked could even considered for the  Dow Jones Sustainability Indexes (DJSI)???

But this week BP has been pulled from the global Dow Jones Sustainability Indexes (DJSI) in the wake of the giant oil spill disaster in the Gulf of Mexico. Dow Jones and Sustainable Asset Management Group said the spill's effects on the environment, local communities, economic effects and damage to BP's reputation led to its removal. The indexes track the financial performance of companies applying sustainable business policies.
 Before the gulf well blow-out, fund managers were already worried about BP's troubles with accidents and safety fines dating to 2005, Reuters reports