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BP faces shareholder revolt over blocking climate resolution at AGM amid governance concerns.

Market News
13 Apr 2026
CNBC
View Source
Bearish
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BP is preparing for a possible shareholder revolt at its upcoming annual general meeting after blocking a climate resolution proposed by activist group Follow This. Major proxy advisers and investors, including the Local Authority Pension Fund Forum, recommend voting against BP's board chair and certain board-backed resolutions due to governance concerns and lack of transparency on climate strategy. BP argues the blocked resolutions are outdated and duplicative, aiming instead for simpler, standardized disclosures. The outcome could impact shareholder democracy and BP's approach to climate reporting as new CEO Meg O'Neill leads the company back to core oil and gas business.

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Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

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Thor Explorations stays on track with gold production and strong cash position in Q2 2026.

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Zcash surges 16% ahead of Ironwood upgrade, eyes $644 resistance as key next target

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Greenwich LifeSciences' breast cancer drug shows strong Phase 2 results but faces funding risks ahead of Phase 3.

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