PRESS RELEASE

Leading Transatlantic Business Organisation Recognises BP’s Lord Browne for Corporate Citizenship

Lord Browne of Madingley, Group Chief Executive of BP, became the inaugural recipient of the re-launched Channing Corporate Citizenship Award at a gala dinner last night in London. The dinner is hosted annually by BritishAmerican Business Inc (BritishAmerican Business), the leading transatlantic business organisation, and has recognised such names as George Mitchell and Margaret Thatcher in previous years for their contribution to the UK/US relationship.

BritishAmerican Business took the decision last year to re-launch the Channing Award – named in honour of William E Channing – as the Channing Corporate Citizenship Award. As the premier transatlantic business organisation, BritishAmerican Business sought to recognise and encourage good corporate citizenship, which, while meaning slightly different things on both sides of the Atlantic, still has the same aspirations of transparency, accountability and a sense of fair trade, as well as the open trade enjoyed between the US and the UK.

This year’s award recognised Lord Browne’s outstanding track record in corporate citizenship and leadership in international efforts to engage with the challenges of corporate responsibility and governance. The event, held at One Whitehall Place, was sponsored by international business risk consultancy, Control Risks Group and Burson-Marsteller, one of the world’s leading public relations agencies.

The presentation of the award was made by Ian Stopps CBE, Chairman of BritishAmerican Business and Chief Executive of Lockheed Martin UK Ltd, who said: “The policies and practices of companies are critical in building and maintaining trust, which is a precious commodity in an increasingly uncertain world. It is hardly surprising that these issues are of growing importance to investors and consumers alike.

“It is, therefore, entirely appropriate that the inaugural award should go to BP’s Lord Browne who, for more than a decade, has demonstrated exemplary global leadership on issues from climate change to stakeholder engagement and transparency.

“Under Lord Browne’s leadership, BP has not only become a highly successful global energy company but is also consistently one of the most admired and respected across all sections of the transatlantic business community.”

Responding to the award, Lord Browne said. “It’s an immense honour to receive this award. I view it as a tribute to the many thousands of BP staff around the world who understand that good business is about mutual advantage, spread widely and over many, many years.”

Download a copy of this Press Release (PDF) Download a copy Ian Stopps CBE Speech (PDF) Download a copy of Lord Browne of Madingley's Speech (PDF) Get Acrobat Reader (Free)

For further information, please contact:

Emma Abbott

BritishAmerican Business Inc

Tel: +44 (0) 20 7467 7437

E-mail: eabbott@BritishAmerican Businessnc.org

Notes to editors:

About BritishAmerican Business Inc (BritishAmerican Business)

BritishAmerican Business Inc of New York and London ( http://www.BritishAmerican Businessnc.org )  is the leading transatlantic business organisation, dedicated to helping its 800-plus member companies build and expand their international business.

BritishAmerican Business provides its members directly with a range of targeted business services focused on business development, business intelligence and networking, and with access to broader business networks in more than 60 other major cities throughout North America and Europe.

BritishAmerican Business incorporates the British-American Chamber of Commerce (New York/London) and the American Chamber of Commerce (UK), which merged in September 2000 to create the strongest transatlantic business organisation.

About Control Risks Group

Control Risks Group ( http://www.crg.com ) is an international business risk consultancy. Since its foundation in 1975, Control Risks has worked in more than 130 countries for more than 5,300 clients - including 86 of the US Fortune Top100 companies. Control Risks’ mission is to enable its clients to succeed in complex or hostile environments.

About Burson-Marsteller

Burson-Marsteller ( http://www.bm.com ), established in 1953, is a leading global public relations and communications counselling firm. It provides clients with strategic thinking and program execution across a full range of public relations, public affairs, advertising and other services. The firm's seamless global network is designed to deliver premium, integrated services through 47 wholly-owned offices and 44 affiliate offices, together operating in 53 countries across six continents. In 1979, the firm joined the Young & Rubicam family of companies, which in October 2000 was acquired by WPP Group plc (NASDQ: WPPGY), one of the world's leading communications services groups.