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BP shareholders back company’s climate strategy
2022.05.12 17:37
A 3D printed windmill and oil pump jack are seen in front of displayed BP (British Petroleum) logo in this illustration picture, August 11, 2021. REUTERS/Dado Ruvic/Illustration
LONDON (Reuters) – BP (NYSE:BP) shareholders on Thursday backed the company’s climate strategy, while fewer investors than last year supported a second resolution filed by an activist group urging faster action to battle climate change. BP plans to slash its oil and gas output by 40% and boost its renewable power business by 20-fold by 2030. The resolution won the backing of 88.5% of shareholders at an annual shareholder meeting in London, according to a provisional tally.
