Climate Changed
BP Bosses Get Public Grilling on Climate From Largest Investors
- Almost all shareholders vote for climate disclosure resolution
- Oil major is under pressure to define its business strategy
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BP Plc lined the road leading to its annual shareholder gathering in Scotland’s oil capital with hoardings touting investments in renewable energy. Inside the meeting, there was a fierce debate on whether the energy major was telling the truth.
On Tuesday, investors large and small grilled BP’s Chairman Helge Lund and Chief Executive Officer Bob Dudley for over two hours on the company’s plans to tackle climate change and its preparation for the energy transitions. It became so intense at times that a security team had to remove protesters screaming “this is a crime scene.”