Follow This secured 21 percent support from independent shareholders at Equinor’s AGM for a proposal demanding disclosure on strategy under declining oil and gas demand.
On BBC World Business Report, Mark van Baal said BP's chair faced an embarrassing 18% dissent vote and shareholders rejected plans to scrap climate reporting.
BP faced a shareholder revolt at its AGM over climate transparency. Investors rejected two key motions after the board blocked a Follow This proposal on oil demand scenarios.
BP's board faced a triple climate rebellion at its AGM. Shareholders rejected plans to weaken climate disclosures, and 18% opposed chair Albert Manifold's re-election.
BP shareholders rejected plans to retire climate resolutions and adopt virtual AGMs. Chair Albert Manifold faced 18 percent opposition after BP excluded Follow This.
BP turned its AGM into a rancorous meeting after rejecting a Follow This climate resolution, prompting Legal & General and others to protest the chairman's re-election.
Follow This and twelve major investors are urging shareholders to reject BP’s plan to scrap vital climate reporting rules at this year's annual meeting.
