Shareholders accused oil giant BP of falling short on its promise to be more transparent about its impact on climate change and resilience to a low-carbon world during its Annual General Meeting (AGM).
During the 14 April shareholder meeting BP faced a number of questions on climate change from both institutional investors and activist shareholders.
In response, BP’s chief executive Bob Dudley said “we want to be part of the solution on climate change”.
However, the company’s response has been criticised as just “more of the same” – support for the Paris deal, a call for carbon pricing, and encouraging a switch from coal to gas.
New analysis shows that the science underpinning the global treaty aiming to stop average temperatures rising more than 1.5°C above pre-industrial levels urgently needs more research,...