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Investors ask firms to outline deepwater risks, spill-response plans

08/16/2010
By Paula Dittrick
A group of investors sent letters to 27 oil and gas companies asking each company to disclose information by Nov. 1 regarding its spill prevention and response plans for offshore operations worldwide following the Gulf of Mexico oil spill.CERES, a network of investors and environmental groups, helped organize the investor letters. Nearly 60 investors, representing collective assets totaling more than $2.5 trillion, signed the letters. The group included comptrollers and treasurers from various US states and the UK-based Local Authority Pension Fund Authority Forum.Transocean Ltd.'s Deepwater Horizon semisubmersible drilled the deepwater Macondo well for BP PLC and its partners. An Apr. 20...
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