After 100 years, is BP going senile?

Posted by jossc — 5 May 2009 at 11:35am - Comments

Getting to be 100 years old is a proud milestone, but it usually comes with some complications - which can include a loss of critical faculties. As BP directors and shareholders meet to celebrate the company's centenary in London this evening, they'd be well advised to seriously question whether BP's massive investment in Canadian tar sands (pictured here) is evidence of senility setting in.

Tar sands investment and 'oil at any cost' threaten BP's future profitability

Posted by jossc — 3 February 2009 at 3:40pm - Comments

Alberta, Canada - contaminated water from tar sands oil production fills a 2 km wide 'tailings' pool

Alberta, Canada - contaminated water from tar sands oil production fills a 2 km wide 'tailings' pool © Greenpeace

Last month our Emerald Paintbrush award presented to BP highlighted how far the company, which previously styled itself as going 'beyond petroleum', has moved back to its traditional profit source at the expense of its alternative energy division, and most likely its long-term profitability.

Investors may have been patting themselves on the back yesterday as BP posted record profits for 2008, but they should be wary - a quick trawl through the figures reveals major flaws in the company's long term investment strategy. Massive profits during the first half of the year (when oil prices reached over $100 per barrel) were undermined by a collapse in the final quarter, when prices fell back to around $40 per barrel.

Video: highlights from the BP 'Emerald Paintbrush' awards ceremony

Posted by jossc — 22 December 2008 at 5:13pm - Comments

Exciting footage just in from the London HQ of international energy giant BP. After discovering internal company documents which reveal that the company, which has been stying itself 'Beyond Petroleum', is actually still spending 93 per cent of its budget on oil and gas extraction, we sent a crack team of smartly dressed greenwash-busters to locate BP boss Tony Hayward and present him with our coveted Emerald Paintbrush award for this year's most outstandingly brazen piece of greenwash.

Find out how they got on below:

But remember folks, this is just the tip of the greenwash-berg. With so many companies desperate to trumpet their 'green' credentials, even if the reality is very different, there are bound to be many more potential award winners out there. So if you know of, or work for, one of them, be sure and drop us a line so we can consider them for furture Emerald Paintbrush presentations...

BP wins coveted 'Emerald Paintbrush' award for worst greenwash of 2008

Posted by jossc — 22 December 2008 at 10:23am - Comments

BP - energy mix or PR fix?

The tension built as the judges deliberated. Then at last the results were were all in and - ta-da! It was time to announce the winner of the first annual Greenpeace 'Emerald Paintbrush' award for greenwashing above and beyond the call of duty. Cue a quick roll on the drums, and step forward into the spotlight - BP!

The energy corporation with an income larger than most of the world's nation states has spent a lot of time and money restyling itself as being 'Beyond Petroleum' in recent years, but a trawl through their accounts quickly reveals just how empty that assertion really is - 'Back to Petroleum', more like it.

Our perception of green brands versus the reality

Posted by jamie — 1 April 2008 at 1:18pm - Comments

Is BP greener than Greenpeace?

BP greener than Greenpeace? Our survey said 'uh-uh'

During my semi-regular trawl through news stories featuring the word 'Greenpeace' last week, one in particular leapt out: 'BP tops Greenpeace in green brands survey'. But despite the apparent awfulness of that headline, I don't think it's as bad as it looks.

The survey - conducted by Marketing Week and YouGov - delved into the minds of professional marketing gurus to find out which brands they thought were the most eco-friendly. Asked which brand they thought was greenest, M&S came out tops, with names like Innocent, Ecover and the Body Shop also in the top ten. Greenpeace came tenth, one place behind BP but what that headline didn't mention was that BP also garnered fourth place in the list of brands doing the least for the environment, alongside many of our other friends of Shell, ExxonMobil, E.on, British Airways and BAA. So it seems opinions are split as to the oil giant's green credentials.

SANE BP - shareholders taking action

Posted by bex — 25 January 2000 at 9:00am - Comments
BP branding

BP branding

SANE BP is an umbrella group for BP investors who are concerned about climate change, and currently includes Greenpeace, the US Public Research Interest Group and many individual socially responsible investors. SANE BP offers intelligence, advice and encouragement to BP shareholders, large and small, who share our aim to move the company away from damaging oil exploration, and towards renewable energy.

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