BP shareholders reject climate activist resolution but …

BP recommends vote against climate activist resolution at April 27 AGM ...Two investor advisers recommend BP shareholders oppose activist climate ...BP urges shareholders to oppose Follow This climate resolution at AGM ...

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BP Shareholders Easily Defeat Climate Activist Resolution At AGM

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Apr 27, 2023 · BP (BP) shareholders easily re-elected Chair Helge Lund with more than 90% of votes, and soundly rejected a resolution by activist investors seeking more aggressive carbon …

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FAQs about BP shareholders reject climate activist resolution but … Coupon?

Should BP shareholders oppose a climate resolution?

REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights LONDON, April 14 (Reuters) - Investor advisers ISS and Glass Lewis have recommended BP (BP.L) shareholders oppose a climate resolution filed by activist group Follow This at the oil company's annual general meeting later this month. ...

Will BP set tougher climate targets?

An activist resolution urging BP to set tougher climate targets was rejected by shareholders on Thursday, although it enjoyed more support than last year after the energy company rowed back on plans to cut oil and gas output. ...

What happened at BP's AGM?

Chairman Helge Lund held on to his post at the AGM, while a resolution to align BP to Paris targets was rejected. The meeting was interrupted by a number of protests 5pm update: Resolution 4 was passed by 90% of shareholders, while Resolution 25 was rejected, achieving 16.75% of votes. ...

How many BP shareholders support 'follow this' resolution?

Last year, shareholder support for Follow This' resolution fell to around 15% of BP shareholders from around 21% the previous year. Two of the UK's largest pension schemes will vote against the renewal of top directors at BP and Shell (SHEL.L) unless both companies strengthen commitments to tackling carbon emissions, the Financial Times reported. ...

When will shareholders vote on BP's 'follow this' resolution?

Shareholders will vote on the resolution at the AGM on May 12, which will be held remotely. At the 2019 AGM in Aberdeen, Follow This’s resolution asking BP to start setting targets for scope three emissions was not supported by the company’s board, and was backed by just 8.35% of shareholders. ...

Why have BP shareholders voted down emissions targets?

Read our BP shareholders have voted down proposals for tougher emissions targets, which aimsto limit global warming to well below 2C compared to pre-industrial levels. Eighty per cent voted against the measure, which wanted the oil giant to set short-and long-term targets on emissions and its use of energy products. ...