Greater Transparency Essential for Investors to Gauge Whether Industry Is Addressing Material Risks Exposed by BP Gulf Spill
WASHINGTON D.C. – The Securities and Exchange Commission should play a critical role in requiring oil companies to boost their public disclosure of material financial risks they face from offshore oil drilling projects. To that end, a group of leading U.S. investors has asked the national commission investigating the Gulf of Mexico oil spill to recommend development of new disclosure guidance from the SEC for energy companies involved in ever-increasing deep-water drilling activity globally.
