Climate investors give BP until April 1 to include resolution, threaten court

Follow This and a coalition of European investors managing $1.0 trillion have given BP until April 1 to include their climate shareholder resolution in the AGM agenda or they will take the company to court. The legal threat raises ESG and governance scrutiny on BP ahead of the shareholder meeting and could create modest near-term reputational and share-price pressure.

Analysis

Follow This and a coalition of European investors managing $1.0 trillion have given BP until April 1 to include their climate shareholder resolution in the AGM agenda or they will take the company to court. The legal threat raises ESG and governance scrutiny on BP ahead of the shareholder meeting and could create modest near-term reputational and share-price pressure.