ConocoPhillips (NYSE: COP) has been put on divestment watch by some of Europe’s biggest pension funds, after using proceeds from a recent debt financing to expand its business in oil sands.
When BP sold off its Zambian fuel marketing business in 2010 to Puma Energy, it appeared to be a fairly straightforward example of a super major dispensing with non-core assets.
Following the introduction of UK Government policy reforms in 2015, Defined Benefit (DB) pension-holders from a broad range of industries, including those within the energy sector, are likely to find themselves with much more financial flexibility.
