In historic move, BP's shareholders adopt global warming resolution - 0 views
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Del Birmingham on 17 Apr 15BP's shareholders overwhelmingly supported a resolution on Thursday that would force the company to disclose some of its climate change-related risks. The shareholder vote was extraordinarily lopsided, with about 98% of shareholders approving the resolution, which had the backing of BP's chairman, Carl-Henric Svanberg. The embrace of the climate change resolution is being called a watershed event in the history of climate-related shareholder resolutions, which investors large and small have been pursuing since 1999 to try to encourage oil, coal and gas companies to inform shareholders of their climate change-related risks and shift their investments into renewable sources of energy.