Activist Shareholders Challenge BP on Rejected Climate Resolution
4 Articles
4 Articles
The resolution that the activist…
Activist Shareholders Challenge BP on Rejected Climate Resolution
Green activist investor Follow This has vowed to fight BP in court after the supermajor did not include a Follow This-led resolution to explain how the company takes investment decisions to create value for shareholders. In January, Follow This and 23 institutional investors filed shareholder resolutions with both BP and Shell, requesting disclosure of shareholder value creation under scenarios of declining oil and gas demand. The resolution fo…
A collective of green investors is threatening to take legal action in the United Kingdom because oil and gas company BP refuses to include its shareholder proposal on the agenda for the annual meeting. According to climate investor Follow This, this violates shareholder rights.
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