You can read the letter here (PDF)
We write an open letter to BP as thirteen co-filers of the shareholder resolution excluded from the 2026 Notice of Meeting. This letter sets out our position on the exclusion and the governance implications thereof.
BP blocked our resolution from the 2026 AGM ballot. That has never happened before at a British company.
We filed in good faith — under the UK Companies Act, with proper notice, with repeated requests for dialogue. BP confirmed the filing was valid. Then excluded it anyway.
We are thirteen co-filers. We represent diversified, long-term investors whose returns depend on a stable economy. Unmanaged transition risk at BP is not just a company problem. It is a portfolio problem.
With our resolution off the ballot, the clearest signal available to shareholders at the AGM is a vote against Resolution 23.
We intend to vote that way. We invite others who care about board accountability to consider doing the same.
