campaign is occupied the british museum in protest at its continued acceptance of funding from british petroleum the oil company alleged to have lobbied for the war in iraq sponsored an exhibition of treasures from modern day iraq in syria the tate museum ended its relationship with b.p. back in twenty six steam and last summer the netherlands van gogh museum stopped its relationship with dutch oil company shall both cases were presented as mutual decisions by the museums and oil companies but they also came after intense pressure from campaign is but when it comes to funding the arts some say there's no such thing as clean money there is this gray area of if you have a lot of due diligence in the yards and you look very carefully you'll find something a bit dodgy yeah exactly multinationals airlines social media bankers people are slightly squeamish about them florentine bankers made the renaissance possible for those visiting the museums or working outside them the issue of so-called art washing is a tough call this scrutiny over ethical donations couldn't come at a worse time for cash strappe

rival producers in the gulf of mexico as well as oil energy majors royal dutch shell and british petroleum are now profiting from resulting shifts in oil production distribution. and joining us to break down all the moves in the gulf and the turmoil in venezuela is marine catoosa of catoosa research it's good to say welcome to the show. my pleasure now first of all when oil production in minutes way though when you see a decline start as stark as sharp as we have in recent years what is the effect on oil markets in terms of light crude versus heavy locations of production and these and these refineries that we talked about. so if you look at the venezuela production you know from the peak is about just under just slightly above two point three million barrels a day they're down about forty two percent to date and a lot of that is not reinvesting into their fields at the same time as the refineries adjust their composition mix because of the success of the domestic shale areas such as canada has really made up the difference from the the lack of production from the traditionally heavy your

and you could base british petroleum has suffered a setback in attempts to greenwash its image on climate change after the exposure of the company's lobbying against limits on emissions of methane the power he powerful trapping greenhouse gas documents detailing b.p.'s efforts on two fronts that can be. it's a drop of ministration to lower methane limits have been obtained by greenpeace the documents record be peace efforts convince the trump environmental protection agency and the bureau of land management to rescind rules meant to limit methane leaks from fossil fuel extraction operations b.p.'s head of exploration bernard looney is scheduled tomorrow to address an energy trade show on the topic it's called methane emissions getting to zero that will be interesting. the company's stock by the way has been taking a bit of a beating as of late and we will have to see how it plays going forward we keep an eye on that for you. and president hassan rouhani of iran is starting an official visit today to neighboring iraq where the embattled iranian leader will seek iraqi help in blunting the e

things like british petroleum, ,hell, great dividend yield exposure to energy and based in the u.k. that is from a u.s. perspective. still yields over 4% versus the s&p up 2% and euros stocks at 3.5%. it may get attractive from a value investor perspective. alix: i spoke to the ceo of bp last week and he said brexit was not affecting his business. he was not stockpiling anything. he did not need to do that. he said it is not having any kind of impact. we will see. david: very different for the banks. alix: you raise the point about the complacency in the market. this is volatility across different assets. you havethe fix, european stock volatility, your accent -- you have fx volatility. we are right around lows. how you deal with this? mona: it is reminiscent of 2017 where volatility was low. we do not get one 5% or 10% correction of the marketplace and that reversed in 2018 we had 210%. we are up 20% from the lows in the s&p. at some point consolidation, some sort of correction would be healthy for the market before we continue to climb the next set of walls of worry. more importan

. >> keep the british in british petroleum. >> it's bp not brexit petroleum >> bob dudley, with a sensef humor in a tough time, we do like that, thank you very much. >> thank you. >> who knew that oil ceos would have a sense of a humor? probably needed in these times back to you. >> certainly is. our thanks to brexit dudley -- sorry, bob dudley and brian sullivan the pound recovered a little bit of ground. equity markets have seen a little bit of a slip in the last 20 minutes or so but still looking at decent returns. s&p 500 up 0.3% with 34 minutes left of trade. still to come here on "closing bell," elon mus westbrook a fiery defense of the tweets accusing the s.e.c. of an unconstitutional power grab. >>> plus, a mixed bag for retail today. stitch fix soars dick's sporting goods sinks. bendl tell you what's hi those moves ahead. what do advisors look for in an etf? i tell clients, etfs can follow an index, but which ones target your goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends