BP Oil spill

He says that they're more a buy and hold and that despite the continuously increasing prices in petrol and BP's liquid cash reserves the shares won't be shooting back up to 7 quid a pop in a hurry.

I'll admit I don't understand the mechanics of stocks and shares, but isn't it extremely ethically questionable to be considering making money out of this situation?

yes, but much of share trading is equally questionable.

yes, but think of the bikes the profits could buy

I'll admit I don't understand the mechanics of stocks and shares, but isn't it extremely ethically questionable to be considering making money out of this situation?

Worth repeating.

And just how many of our pension funds are in wholly ethical investments?

^ very few.

'Wholly ethical' arrangements involving money may be fantasy, but some smack of vulturism more than others.

about the only completely "ethical" investment you could do is www.triodos.co.uk

I'll admit I don't understand the mechanics of stocks and shares, but isn't it extremely ethically questionable to be considering making money out of this situation?

Yes.

As a point of interest / proof an acquaintance of mine who went to work at a hedge fund had to sign an ethical waver before taking the job. I'm not sure how legally binding that can actually be but you have to ask questions about an job that asks you to sign a document like that.

People could steal your milk from the fridge with complete indemnity.

Yes but if it is milk bought with dirty money, that's a completely different story.

Where I work is doing really well from this, We sell Oil Abosrbents and are selling £300k + of them this week :o

I'd have no problem purchasing shares at a low price as a result of this disaster if I thought there were a few pennies to be made (of which Im yet to be convinced). Its hardly an endorsement of their conduct, is it?

I'd have no problem purchasing shares at a low price as a result of this disaster if I thought there were a few pennies to be made (of which Im yet to be convinced). Its hardly an endorsement of their conduct, is it?

In my eyes it is... you're investing in a company, which in my opinion means you support them (financially and ethically).

It would be like buying shares in Grünenthal after the thalidomide scandal.

(I don't think shares were available, just being emotive for the sake of it)

You chaps have plans to liquidate your pensions?

...or perhaps dispose of the units and accept zero consideration?

If I had a pension, yes.

Pension? Ha :/

Consider it a hypothetical, in that case.

No-one would... fucking no-one.

I have superannuation in Australia as contributions are mandatory. I dont have a pension in this country. I guarantee certain investments within that super fund are in businesses with questionable ethics. There are "Ethical Investment Funds" available, which inevitably perform like dogs.

Most people have no idea where their money resides and who it supports.

Actively buying shares in BP and the purchase of shares on behalf of an ignorant individual are different things on an individual level. Most people are too apathetic to do anything about their money, I agree. However, finding solace in the ignorance/apathy of others does nothing to support your ethical standpoint.

Ethical bonds have performed very well for the last 20 years, there's an alternative for you right there.

I do not have an ethical standpoint.

£14 billion pounds to be put aside for compensation.

£3.6 billion profit for the company last quarter. Its hardly going to cripple the company.