BP Shareholders Seek Vote on Fundamental Reset of Strategy

A group of four dozen institutional investors that hold a combined 2.5% stake in BP are urging the supermajor to put to vote any fundamental reset of its strategy that could include easing its climate targets, the Financial Times reported on Wednesday, citing a letter from the 48 investors it had seen.

“BP has previously offered a shareholder vote on its transition strategy and we expect a similar level of accountability to be maintained for future material strategy changes,” the institutional investors wrote this week in a letter to…