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| The BP Amoco AGM - will Sanity prevail? |
Greenpeace launched a new internet initiative to enable customers of high street banks, insurance companies and pension funds to find out if their money is being invested in a damaging new BP Amoco Arctic oil development.
The investors site www.sanebp.com hosts a database, which provides information on UK institutions holding shares in the oil company BP Amoco. The database allows customers of banks and pension funds to e-mail them directly, urging them to vote against the Arctic project when it is discussed at the next BP Amoco AGM in April.
Experts estimate that the majority of British adults own BP Amoco shares either directly or indirectly via pension funds, savings plans and life insurance. For the first time these investors will have a chance to voice their opinions on whether BP Amoco should invest half a billion dollars in 'Northstar' - the first ever offshore oil development in the Arctic Ocean - or divert the money in to expanding its solar manufacturing capacity via its subsidiary BP Solarex.
