From Yahoo Finance: 2025-04-17 11:17:00

BP faced an investor revolt at its AGM, with 24% voting to remove chairman Helge Lund over a shift away from fossil fuels. Lund resisted calls to leave early, announcing plans to step down next year. The meeting saw protestors removed and former staff challenging pension changes. BP’s finance chief said the company would focus on oil and gas, with plans for new projects to boost shareholder value. Amidst criticism and pressure from investors, BP is navigating a shift in strategy towards a renewed commitment to fossil fuel production. During BP’s AGM, a Fossil Free London activist was removed from the premises. The activist was peacefully protesting the company’s continued reliance on fossil fuels. The incident highlights growing concerns about climate change and the need for companies like BP to transition to more sustainable practices. The activist’s removal underscores the ongoing tension between environmental activists and major corporations in the fight against climate change. BP has faced increasing pressure to reduce its carbon footprint and invest in renewable energy sources. The incident serves as a reminder of the ongoing debate surrounding the role of fossil fuels in a sustainable future.



Read more at Yahoo Finance: BP hit by investor revolt after slashing net zero plans