BP faces rebel shareholders over new climate goals
The UK’s major pension firms vote against BP’s chair after the company cut its climate ambitions. …
The five pension funds told the BBC that their vote against the company’s chairman, Helge Lund, was a protest against the company’s actions. The pension funds have £440m invested in BP, which represents less than 1% of the company’s total shares. But they manage the pensions of more than a third of the UK’s workers so are an influential voice.
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