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BP should go to bat for TNK minority investors

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

BP has made the best of a difficult situation in Russia. The U.K. energy major swapped its 50-per-cent stake in joint venture TNK-BP for a combination of cash and 20 per cent of Russian energy giant Rosneft. Now it faces a new challenge: avoid becoming just another trampled Russian minority shareholder. BP could start by using its new seats on Rosneft’s board to push for fair treatment of TNK-BP’s minority investors.