Reported 2 days ago
BP encountered significant pushback from institutional investors during its annual general meeting, where about 24% voted against the re-election of chair Helge Lund, following the company's controversial shift away from its climate commitments. Protesters from environmental groups highlighted discontent with BP’s recent decisions, which include increased fossil fuel production and a lack of shareholder input on its new direction. The rebellion marks the largest dissent against BP's board in years and calls into question the company's governance and commitment to environmental, social, and governance (ESG) issues.
Source: YAHOO