BP Plc will be evicted from the FTSE4Good ethical investment index after its Gulf of Mexico oil spill, index compiler FTSE said Friday, as BP said it would delay its third-quarter results due to the challenges of accounting for spill costs.
FTSE said BP would be dropped from FTSE4Good, which many managers of ethical funds use to screen companies before including them in their portfolios, Sept. 18, citing a FTSE policy committee. Get the full story »
