08.12.2014 - Opec: Big oil's problem isn't falling prices, it’s Ed Davey
Energy secretary Ed Davey's assault on oil and resource companies for climate change misses the point... and chickens are equally to blame. Investors in Britain’s biggest oil companies Royal Dutch Shell and BP have endured a torrid end to the year as the falling value of crude has eroded the value of their holdings in a sector long viewed as a safe bet. If sentiment wasn’t already bad enough across the industry after a 35pc slump in Brent since June, then remarks made by the energy secretary Ed Davey suggesting that pension funds should dump the sector have only added to the sense of foreboding...............................................Full Article: Source
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