BP has been urged by some of its largest shareholders to set out a business strategy that is aligned with the Paris climate accord, a leading investment group has confirmed.
Almost 10% of the oil major's investor base, including six of the UK's largest fund management groups, has backed a resolution filed by Climate Action 100+ at BP's AGM on 21 May intended to force it to up its efforts in tackling climate change. Support for the resolution has been "truly unprecedented", said Stephanie Pfeifer, a member of the global Climate Action 100+ steering committee. The group said it was the largest ever show of support for a resolution on climate change. The resolution requires BP to set out a business strategy, which it considers to be consistent with the goals...
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