Zoe Cormier's articles

Reporting from London

Activist shareholders lost their bid today to force oil giant BP to disclose detailed information about the risks associated with investing in the energy-intensive Canadian oil sands. Still, they chalked up a significant victory in the company’s response to their effort.

For the first time, BP disclosed information regarding the expectations of demand for tar sands oil and future regulations on carbon emissions that the company used when deciding on the viability of a planned $2.4 billion joint investment with Husky Energy in the Sunrise oil sands field in Alberta.