Dutch activist investor Follow This filed a climate resolution for BP Plc’s annual general meeting, having received support from the oil giant earlier this year. But the two parties were ultimately unable to agree on the final details in order to put forward the resolution together.
Pope Francis, cigarettes, elephants and caribou all figured in the arguments as investors ramped up environmental pressure on energy giant BP at its first annual general meeting (AGM) in Aberdeen yesterday.
When BP Plc meets with shareholders next week, it’ll be facing one of the clearest signals yet that the fossil-fuel business is facing an adapt-or-die reckoning.
BP Chairman Carl-Henric Svanberg today insisted shareholders’ concerns over directors’ pay had been taken on board after they voted overwhelmingly against rises.