Category: Asset Managers
The UK supermajor is accused of stalling investigations into the oil spill, but describes the claims as ‘baseless’ The UK supermajor is accused of stalling investigations into the oil spill, but describes the claims as ‘baseless’ The UK supermajor is accused of stalling investigations into the oil spill, but describes the claims as ‘baseless’
BlackRock and Aviva are among a group of investors who have indicated that they will probe BP’s role in the 2020 oil spill off the coast of Mauritius, after allegations emerged that BP was stonewalling agency investigations into the disaster.
BP’s links to the disaster came to light after reporting by Forbes found that BP had supplied the experimental low-sulphur shipping fuel that ended up flooding into the Indian sea after a Japanese bulk carrier ran aground on coral reefs last year.
The report further alleged that BP had not responded to repeated requests by maritime authorities and scientists to provide a sample of the fuel - a mixture of jet and ship fuel, which NGOs have described as a ‘super pollutant’ - making it difficult to gauge the damage sustained by the local ecosystem.
BP has now confirmed that it supplied the fuel oil, describing the rest of Forbes’ reporting as “baseless”. According to BP, it has already provided results o…