British Friends defend large BP investment (UPDATED)

The Friend: British Friends defend large BP investment (UPDATED). Britain Yearly Meet, the organisation of Quakers across England, Scotland and Wales, has a higher proportion of its investments in the oil giant than in any other business. BYM say it has engaged with BP on issues such as renewable energy. The World Development Movement (WDM) urged Friends to consider selling their shares in the light of BP’s role in ‘fuelling climate change’. But BYM says that it is having a positive effect on BP.

Related on QuakerQuaker:

Views: 36

Comment by Elizabeth Eames Roebling on 6th mo. 30, 2010 at 5:50pm
In a blog posted here on Quaker Quaker a few days back, I called on US Quakers to reconsider our investments in oil corporations (with a wider concern for myself personally since most multinationals are based in the US and we therefore perhaps must scrutinize more carefully)..

I was pleased to read that British Friends engage with the corporate leaders

In my conversation with Friends Fiduciary, which about 10 years ago, held more than 200 million dollars in corporate Quaker institutional funds, the Friend that I spoke with said that they did not vote the shares, nor did they turn their proxies over to larger groups of assemled religious groups of conscience to vote on their behalf.

I do know where FUM funds are held or how.

Do any other Friends know?


You need to be a member of QuakerQuaker to add comments!

Join QuakerQuaker

Support Us

Did you know that QuakerQuaker is 100% reader supported? If you think this kind of outreach and conversation is important, please support it with a monthly subscription or one-time gift.

You can also make a one-time donation.

Latest Activity

Matthew Callow replied to Aaron J Levitt's discussion 'Led to song?'
"Aaron, At a Meeting for Worship many years ago, my heart was weighed heavy with grief, so I…"
5th day (Thu)
Mitchell Pearson posted a photo
5th month 20
Mitchell Pearson liked Mitchell Pearson's profile
5th month 20
Ransome Reed updated their profile
5th month 20
Ransome Reed liked Aaron J Levitt's discussion Led to song?
5th month 20
Keith Saylor posted a blog post

When the season of the outward ministration of others is passed and fulfilled in the everliving presence of Christ.

In an article published in The Friends Journal entitled "A Parallel Universe" the author writes:The…See More
5th month 19
Keith Saylor replied to Matthew Callow's discussion '“A general dyet, estates or parliament” for the nations of Europe'
"Matthew, I appreciate the time and effort you put into looking at the texts. I will spend some time…"
5th month 19
William F Rushby replied to Aaron J Levitt's discussion 'Led to song?'
" [ This content has been declared free to read by the…"
5th month 18

© 2020   Created by QuakerQuaker.   Powered by

Badges  |  Report an Issue  |  Terms of Service