The Bad PlaceThe Guardian | BP board suffers triple climate rebellion from shareholders by Jillian Ambrose
AI generated summary, Read the full article for complete information.
More than half of BP shareholders at its annual general meeting rejected the company’s plan to end climate‑related reporting and to replace in‑person AGMs with online‑only events, while 18 % voted against the re‑election of chair Albert Manifold. The opposition, led by major investors such as Legal & General Investment Management and backed by proxy advisers Glass Lewis and ISS, criticised Manifold for diluting climate disclosures and ignoring a resolution from the activist group Follow This that questioned how BP could create value as oil‑demand falls. The revolt, described as “unprecedented,” underscores mounting investor pressure on BP—now led by new chief executive Meg O’Neill—to improve capital discipline, respect shareholder rights, and reconcile its oil‑gas expansion with a global shift away from fossil fuels.
#BP #AlbertManifold #Legal&General #FollowThis #energyindustry #MarkvanBaal #NickMazan #MegO’Neill #BernardLooney
AI generated summary, Read the full article for complete information.
Blast From the Ads!
Andrew (Television Executive)
Tenacious Toys
pHinnWeb
Dedz