British Petroleum (BP) is a British multinational oil and gas company headquartered in London, England. It is the sixth-largest energy company by market capitalization, the fifth-largest company in the world measured by 2012 revenues, and the sixth-largest oil and gas company measured by 2012 production.
British Petroleum Recommends Support for Climate-Related Shareholder ProposalSecond Supermajor in Two Weeks to Endorse Climate Resolution Co-Filed by As You Sow
The British Petroleum Board of Directors, following Royal Dutch Shell’s announcement last week, endorsed a shareholder resolution requiring the company to commit to reduce emissions and invest in renewable energy, to do away with bonus systems that promote climate harming activities, and to stress test its business model against the 2 degrees Celsius warming limit adopted by 141 governments in the UN’s Copenhagen Accord. Nonprofit As You Sow co-filed the resolution at BP as part of the “Aiming for A” Coalition of investors, coordinated by ClientEarth and ShareAction.