Even though the BP Amoco shareholder resolution to stop oil exploration off the coast of Alaska failed, 13.5 percent of shareholders voted in favor it, which, according to Matthew Spencer of Greenpeace is the “highest vote for an environmental resolution anywhere in the world.” A resolution asked that BP Amoco stop pursuing its Northstar project and direct the oil exploration funds to support its solar power subsidiary, BP Solarex.
BP Amoco defends its activities by claiming they are the best company to do the job because of their sensitivity to the environment. If they pull out, another less environmentally concerned company is likely to develop the area. And it is their conventional oil business that supports development in renewable energy.
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