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British firms face onslaught from tar sands campaigners http://apocadocs.com/s.pl?1267451642
British companies spearheading the drive to exploit the Canadian tar sands will come under renewed assault this week from an increasingly vocal group of shareholders and environmentalists who are planning to turn the forthcoming BP, Shell and Royal Bank of Scotland annual meetings into a referendum on these controversial operations.... There are signs the oil companies and the Canadian government are becoming increasingly concerned about the reputational damage that could be inflicted on them: a special "tar sands day of learning" was held at the headquarters of the Royal Bank of Canada in Toronto on 1 February to bolster the confidence of fellow bankers and investors.
The Co-op's investor briefing, designed to rally further opposition, warns institutional investors with highly diversified portfolios that allowing BP and Shell to pursue their costly tar sands extraction could undermine their holdings in other areas of the economy.
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So if one of my eggs can corrode all of my baskets....
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