Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

PIRC recommends vote for BP climate activist resolution

by Staff GBAF Publications Ltd
0 comment

PIRC recommends vote for BP climate activist resolution

LONDON (Reuters) – Investor advisory firm PIRC on Monday recommended that BP shareholders vote against the company’s chair over climate concerns and in favour of a climate activist resolution at the energy group’s annual general meeting on Thursday.

Major investor advisers ISS and Glass Lewis have recommended BP shareholders oppose the climate resolution filed by activist group Follow This.

Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors and itself built on oil and gas revenue, said on Saturday it would vote against the Follow This resolution.

In February BP rowed back on plans to slash its 2019 oil and gas output levels by 40% by 2030, and now it envisages a 25% cut, angering climate activists but seeing its share price surge.


(Reporting by Shadia Nasralla; Editing by David Goodman and Louise Heavens)