Monday, August 07, 2006

Euro and Canadian energy companies dominate socially-responsible investment ranking

While socially-responsible investment rankings continue to lag behind the purer profit plays in the oil sector for most investors, the more sustainable energy company business models are gaining ground in part through more days in the sun publicity-wise, based on the most research report by Toronto-based Jantzi Research, released August 3.

In it's report, "Oil and Gas in a Bull Market: The Shifting Sands of Responsibility," Jantzi rates companies in four categories: 1) Environment, with a 30% weighting; Community and Society, 25%; Human Rights, 25%; and Health and Safety, 20%. No surprise who's at the top of the list: BP with a score of 6.8 out of a perfect 10. Rounding out the top five, respectively, are Suncor Energy, Nexen, Petro-Canada and Shell. The highest ranking U.S. company is Chevon in 12th place. ExxonMobil socred 3.7, good for 18th place.

BP's approach no doubt will test U.S. West Coast investors and consumers who may feel a tighter squeeze at the pump given the shutdown of the pipeline operated -- announced today -- by BP that transports crude oil in from Prudhoe Bay, the nation's largest oilfield. Big question that looms: how long will the shutdown last? Might we see oil selling for more than $80 per barrel soon? How about $100?

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