BP sticks with major arts sponsorship despite profits slump

BP has agreed to renew five-year sponsorship deals with several British cultural institutions, including the British Museum, just days after reporting a 45 percent drop in profits. In May the British Museum was forced to temporarily close after Greenpeace activists climbed its facade, demonstrating against BP's sponsorship of a new exhibition about ancient Egypt, one of several protests at cultural events against its extraction of fossil fuels. The oil major said on Thursday it will pay around 7