The majority of BP shareholders voted against a resolution filed by Dutch activist investor group Follow This that demanded the supermajor increase its emissions-cutting commitments. Some 80 percent voted against the resolution. Follow This and others noted, however, that the 20.7 percent that did vote in favor of the new targets was double the support that a similar resolution received last year.
“Once again, responsible investors have given a clear signal to the Board of BP,” said Follow This’ Mark van Baal, who filed the resolution.…BP Shareholders Reject Emission-Cutting Resolution
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