Activist Group Opposes BP Move to Scrap Climate Rules
Investors led by Follow This oppose BP plans to end climate reporting rules. The group may take legal action after a strategy resolution was blocked today.
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A group of European investors, led by the activist shareholder organization Follow This, has intensified pressure on BP PLC to maintain its climate-reporting commitments. The investor coalition is urging shareholders to vote against a board-backed proposal that would scrap previous transparency requirements at the oil major's annual general meeting later this month.
