In BP's (BP -2%) first large new commitment since the Gulf spill, the company says it plans to...

|About: BP p.l.c. (BP)|By:, SA News Editor

In BP's (BP -2%) first large new commitment since the Gulf spill, the company says it plans to move forward with its Husky Energy (HUSKF.PK) JV to extract oil from Canadian sands. Environmentalists are likely to protest, as are some shareholders since BP is fully footing the first $2.5B spent on the project.