BP oil spill to boost alternative energy - fund manager

Oil rig in Iranian waters

In a presentation entitled The BP Oil Spill: Implications for Energy Markets, released this month, ETF Securities cites how the environmental, social and economic cost of the catastrophe has highlighted long-term requirements for increasing investment in alternative energy to fossil fuels.

“The BP oil spill cannot be looked at as a one-off isolated event. The spill has potential implications for the oil industry as a whole and for global policies towards alternative and nuclear energy,” says Dani