Stock Value Makes The Politics Of BP's Gusher Local - Far From The Gulf

recent bp stock performance image

Recent BP stock performance. Image credit: Yahoo finance.

This post is a one sentence reality check for readers focused on environmental ethics and oil poisoned marine life in the Gulf of Mexico. From "Ohio's five public retirement systems and the state's injured worker fund have lost $177 million in value on BP stock."

With this backdrop, don't expect an Obama Administration moratorium on offshore drilling to last for long.

Related musings: how many other state pension funds are in a similar position; and, how much do those pension funds have invested in renewables?