Reuters | Climate activist shareholder group Follow This said on Wednesday they have given BP until April 1 to include their resolution in the agenda for the oil major’s shareholder meeting or they will take the firm to court.
The group demanded BP disclose longer-term strategies under scenarios of declining oil and gas demand, but BP did not include the resolution in its notice of meeting.
Follow This said it has instructed law firm Mishcon de Reya to send a formal letter to BP, giving the company one week to include its resolution on the agenda at its annual general meeting.
[…]“This case is bigger than one resolution at one company,” said Follow This founder Mark van Baal. “Shareholder democracy in the UK is at stake. If BP can block a valid resolution without explanation, any company can. We will not let that stand.”
