At the moment BP has stopped filling up the Gulf with their leaking oil. One wonders if this leak was an unfortunate accident or the result of a culture change in the company. The ethical funds have in the past loved this company but now that support is draining fast.

Some ethical funds use a ‘best of sector’ approach to offer investors a less risky way of investing ethically. While John Browne was BP chief executive, the company was the oil company of choice for those funds that included oil in their portfolios. Their website confirmed their green credentials: ‘In 2006 we adopted a set of environmental requirements for all new projects. The goal is to ensure potential issues like waste disposal, emissions reduction and discharges into water are thought through before a project gets underway and carefully monitored from then until the project’s end.’

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