BP Faces Major Shareholder Revolt Over Climate Strategy

BP has suffered a huge rebellion from its shareholders as the London-listed oil giant’s annual general meeting faces scrutiny of its environmental policy. Nearly a quarter voted against the re-election of outgoing chair Helge Lund at the firm’s annual general meeting. as conflict swirls over BP’s decision to cut back on climate goals. Chief executive Murray Auchincloss has faced mounting pressure to turn around the company’s struggling share price and in February announced plans to pivot back to oil and gas. Lund played…