The oil giant is facing a shareholder’s rebellion on the U-turn of green strategy

Petroleum giant Bp With the withdrawal of a shareholder of a shareholder at the annual general meeting (AGM) on Thursday, the company’s green strategy is with a choir of investors from an integrated concern.

A planned resolution on the selection outgoing BP chair Helge Lund was sent as an opportunity for investors to signal the dissatisfaction Climate changeCorporate governance and effect US Hedge Foundation Elliott Management.

Britain Beleaguered energy majorIn recent years, more hydrocarbon-focused industrial peers have left behind, a launch crisis has wanted to solve anything Fundamental reset.

The investor allowed to restore confidence and restore the nearest shareholder return, BP, BP, BP to spend an annual spending and the main work of oil and gas.

Strategy Zero was welcomed by energy analysts and BP CEO CEO Murray Auchincloss since this time gossip Pivot attracted the “significant interest” in the unreasonable assets of the firm.

The British Asset Manager has a leading shareholder in law and general, BP, about 1% stake, gossip This intends to vote against Lund’s re-election on Thursday – a position of reference BP management recommendation.

Along with large areas of legal and general adjustments, the firm’s decision not to allow a shareholder to vote for a new direction to the company’s energy strategy.

Legal & General Plans International Active Manager Robeco, the British pension funds nest and the border, including Box, as well as the Dutch group, they said they would vote against the re-election of Lund.

Norway has a huge sovereign wealth fund and a number of US pensions funds It was reported to have something Said they would return Lund’s re-election. Proxy Advisions Institutional shareholder services and glass Lewis also recommended a voice in favor of Lund, According to Reuters.

BP opens the way to demonstrate a shareholder in AGM, and the revelation of observers to the re-election of Lund is open to closely monitor the level of investor. Historically, the votes against the BP chair were left 10%.

A BP spokesman refused to comment while contacting CNBC.

BP’s renewed focus is aimed at oil and gas, and the energy company listed in London is in the focus of a firm potentially excellent target. British opponent Bark and the US oil giants Exxon Mobile and Bar touched all as much as possible.

“In recent years in recent years, we appreciate the important steps in recent years in recent years, which aims to create long-term value in recent years and create a long-term value in recent years.

“However, by the decision of the shareholder to vote for the newly adjusted climate transition strategy in 2025 AGM, we are interested in the latest annual adjustments to the company’s strategy, as it is declared in the 2025 capital market.

He said it was legal and General BP announcement In the beginning of this month, Lund is probably considered “positive”, which is probably considered “positive”, but the concern on the plan of the firm, does not intend to vote against the AGM resolution.

Five years ago, BP became one of the first energy giants to announce its plans to reduce emissions to zero “By 2050 or faster. “This boost was pledged for investment of up to 40% waste and renewable projects until BP 2030.

In February 2023, the company said that this waste target estimates about 20% to 20% in February 2023, and we need to invest in oil and gas to meet global demand.

Robeco gossip BP refused to vote for the strategy inspection, despite the previous and “more ambitious” and “more ambitious” and “more ambitious” transitional purposes.

“In addition to other investors who are next to other investors, including other investors, including several investors, including several investors, including several investors, including several investors, said Michiel Van Esch.

“As a result, we have concerned about the sequence of energy passage and climate management and voting in front of the chairman of the Security and Sustainability Committee and the chairman of the Committee,” he said.

Elliott management, in turn, minimized low carbon investment and is widely thought out under pressure on BP to prioritize oil and gas. Froze appeared Recently, the activist’s investor built about 5% of the pyreness in BP and made it one of the largest shareholders of the company.

Activist shareholder, who has a great history that has a long history, said that the need for voting against LUNL, the need for his chicken, he said. The group added that they should voice dissatisfaction with good governance.

“Voting against the Board is the only way to refuse to vote for shareholders to vote for BP’s strategy,” Mark Van Baal said that he watched this after that.

“Now the Board has changed a unilateral course without asking for a voting. This increases serious contradictions. BP management is afraid of his shareholders,” he said.

BP’s shares are about 10% less than 10%.