Giant oils shareholders riots on green strategy

Giant oil Bdu On Thursday, it is the exchange of shareholders, on Thursday (AGM) with the chorus of shameless investor, with the aim of having voice over the company’s green strategy.

Planned resolution about the redistribution output BP Chair Helge Lund has had the opportunity to point out discrepancies Climate changeCorporate governance and impact US Coverage Fund Elliott Management.

Great Britain Major energyThose who remained behind the hydrocarbon-focused industry in recent years, wanted to solve something of the identity crisis a Basic reset.

Rebuilding investor confidence and promoting the returns of vacuum shareholders in February, BP turns renewable expenditure and increase annual expenditure in the main business of oil and gas.

The strategy has been reset through analysts, and BP CEO Murray Auchincloss celurbill The pivot attracted “meaningful interest” in the basic assets of the company.

Legal and General Directorate of British Assets, with a shareholder of BP shareholders with 1% participation, celurbill Thursday wants to vote against Lund’s redistribution – attitude that would defeal BP management recommendation.

The law and general mentioned the grief for the large reviews of the company’s strategy, next to the BP decision, to vote for shareholder about the new direction.

According to the International Active Manager, Robeco, the UK pension funds adapt to the coast, as well as investors who include the Dutch interval – and all of which they will vote against Lund’s forwarding.

Norwegian giant sovereign wealth funds and many U.S. pension funds, however down said Lund’s detection again. Proxy consultants have also recommended the institutional shareholders and Lewis of glass in favor of Lund, According to Reuters.

Observes the AGM shareholder show of BP, the observers control the level of investors against Lund’s reconstruction. Historically, BP chair vows were less than 10%.

When a BP spokesperson contacted CNBC, he commented.

BP’s care oil and gas attention is firmly in the focus of energy listed in London in a moment Take potential. British rival Shell and US giant oils Exxon Mobil and Chevron All outfit as possible.

“We have the most climate commitments and efforts that we appreciate the important steps of BP in recent years, as we spread the climate transition to create long-term value.

“However, they are reviews of the company’s strategy, announced in capital markets in 2025 in February 26.

Law and general said BP forecast This month, Lund will go down next year, “positively”, but not interrupted about the successive plan of the company means that he intends to vote against the AGM resolution.

Five years ago BP became one of the first giants of the first giants to predict zero spills to announce “2050 or before. “From this push, BP emission is committed to 40% to 2030 and to leave investments in renewable projects.

The company returned this emission by 20% to 20% in February 2023, saying that the global demand must continue to invest in oil and gas.

Berco celurbill BP refused to renounce the so-called “climate” vote for reviewing his strategy, thanks to the request for pre-pre-pre-and-transition objectives.

“We cannot ask such a feedback mechanism several times in a public letter, along with other investors with a GBP 5 trillion, Michiel van Esch, headed by the Robeco vote.

“As a result, concerns about the resilience of the company is growing through energy transition, and above the coherence of the climate government approach, to vote against the President of the Security and Sustainability Committee,” he added.

Elliott management, for its part, is very intended to minimize pressure on BPA to minimize low carbon investments and prioritize oil and gas. It were created Recently, the activist investor has built a 5% participation in BP, making it one of the largest shareholders of the company.

Shareholder shareholders, which is a long history of promoting large oil, to deal with climate change, he said he did not vote against Lund after reporting his exit. The team added that worried investors concerned with good governments must be a voice of grief.

“Voting against the Council Shareholders only a negative of BPs is the only way to express disagreement to vote around the U-round,” the founder of the founder said.

“Now, the Commission has changed in bilateral, without asking shareholder support. This creates serious concerns of governance. It seems that BP leadership is afraid of his shareholders,” he added.

BP shares are nearly 10% dates.