business / news / / The Sunday Times
BP was seeking permission to revoke two resolutions approved in 2015 and 2019 that required it to release climate-related data.
BP shareholders rejected proposals to reduce climate reporting and to allow fully virtual AGMs.
KEY POINTS
- Both special resolutions failed, receiving only 47 percent support, below the required 75 percent threshold.
- 18 percent of shareholders voted against new chairman Albert Manifold’s election, signaling notable dissent.
- Nearly 26 percent supported a demand for BP to justify increased spending on new oil and gas projects.
- BP refused to table a climate-related resolution from Follow This and pension funds, unusual for FTSE 100 norms.
COMPANIES
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