BP shareholders reject climate disclosure resolutions at AGM
At BP's annual general meeting, shareholders rejected two management-backed resolutions concerning climate disclosures. The proposals, which would have allowed virtual-only annual meetings and retired two existing climate disclosure obligations, each received approximately 47% support—falling short of the required 75% threshold. The votes reflect ongoing tensions between the oil giant and investors over its climate strategy.
Key facts
- BP shareholders rejected two management resolutions at the annual meeting.
- The resolutions concerned virtual-only meetings and retiring climate disclosure obligations.
- Each resolution received about 47% support.
- The required threshold for passage was 75%.
- The votes indicate investor dissatisfaction with BP's climate disclosures.
- The meeting was BP's annual general meeting (AGM).
- The resolutions were proposed by BP's management.
- The outcome highlights ongoing climate-related shareholder activism.
Entities
Institutions
- BP
Sources
- Quartz —