BP Shareholders Vote for Climate Resolution
May 21 2019 - 11:14AM
Dow Jones News
By Maitane Sardon
Shareholders of BP PLC (BP.LN) on Tuesday supported a climate
resolution filed by investors that calls for the oil-and-gas
company to set a business strategy consistent with the goals of the
Paris Climate Agreement.
The binding resolution, co-filed by shareholder group Climate
Action 100+, won the support of 99.14% of the votes.
However, a second resolution by activist investor Follow This,
which requested that BP set targets for its indirect emissions,
only received 8.35% of the votes. BP had previously called its
shareholders to reject Follow This's resolution.
"The scale of support for the Climate Action 100+ resolution
sends a clear message that investors expect companies to act on
climate change," said Stephanie Pfeifer, a member of the Climate
Action 100+ global steering committee and CEO of the Institutional
Investors Group on Climate Change.
She said investors will pay close attention to BP's next steps
and expect to see evidence that BP's future investment is
consistent with the goals of the Paris Agreement.
Write to Maitane Sardon at maitane.sardon@dowjones.com
(END) Dow Jones Newswires
May 21, 2019 10:59 ET (14:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Bp (LSE:BP.)
Historical Stock Chart
From Aug 2024 to Sep 2024
Bp (LSE:BP.)
Historical Stock Chart
From Sep 2023 to Sep 2024