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Old COP MB
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The Good, The Bad, and the Ugly OilI read an article this morning on the CNBC website. In it the Norwegian Sovreign Wealth Fund which owns trillions of dollars, which it has earned as the result of royalties from oil production over the past 44 years, is saying that they will kick out oil companies that do not walk, talk, and act green enough. It doesn't say how they plan to go about it but I would imagine the cleanest way to go about it would be to author a shareholder proposal to walk, talk and act green. In the late 80's the Norwegian Petroleum Directorate hosted a meeting between the Ministry of Finance and us local Phillips' types to talk about environmental issues. It might be worthwhile to revisit this in another 40 years or so. Dis PS. I'm kind of out of the loop now, but a young man that I hired to work for a lady, who worked for a guy, who worked for a guy who worked for me is now running COP Europe/Africa and is capable of handling the matter. |
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