BP faces shareholder dissent over climate strategy
Guardian | BP suffered an investor rebellion on Thursday after facing shareholders for the first time since abandoning its climate strategy at a meeting marred by protest.
About a quarter of shareholders voted against the chair, Helge Lund, at the company’s annual meeting in Sunbury-on-Thames, on the edges of London, which attracted protest from several green campaign groups.
The Guardian understands that five protesters were forcibly blocked from entering the meeting before the vote, which marked the first time in at least a decade that more than 10% of BP’s shareholders voted against the re-election of the chair.
[…]Mark Van Baal, the founder of the green activist investor group Follow This, said shareholders had “made it clear that weakening climate commitments is unacceptable”.
He added: “This historical result serves as a wake-up call to BP’s board and emphasises investor expectation for robust governance mechanisms and genuine leadership on ESG issues.”
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