BP was prepared for the investor rebellion on Thursday, as the oil company is preparing to confront its shareholders for the first time since its climate strategy was abandoned.
Its president, Helge Lund, is expected to be voted by his employees who are indisposed at the annual general meeting of the company, which is also likely to be distinguished by protesting from climate activists and investors.
The shareholders ’meeting comes weeks after Lund, who chaired the leading climate goals in 2020 and the subsequent retreat of the company, promised to step down from the company by next year.
Despite his resignation, the president will continue to face a vote for shareholders on his role, in which some BP investors are expected to turn against him in protest against the company’s high value in recent years.
LEGAL & GENERAL, a pioneering shareholder in BP, has expressed plans to vote against Lund’s re -election with a transfer The last green tort of the company And its decision not to allow the shareholders to vote on the new direction.
The confrontation will hold nearly 15 years until the next day Deepater Horizon Caraster It led to the largest marine oil spill in the history of the United States and the company fell in a crisis of billions of dollars.
The company announced this week a discovery of oil in the “Gulf of America” - using Donald Trump We were recently assigned as the Gulf of Mexico – He said he confirms her plan to “form investment in exploration.”
BP faces a new existential crisis after the active hedge administration Elliott Investment Management I collected a stake in the company Earlier this year. The New York Fund, which New York was afraid of vulnerable companies by inciting changes that could prevent its market value full of brand.
Elliot is expected to call for comprehensive changes to the company, which has left its competitors such as Shell and Exxonmobil, which has benefited from the global energy market crisis in recent years by increasing the production of fossil fuels.
The CEO of BP, Murray Auchincloss, blames optimism for “in its place” in the transfer of global green energy for the company’s decision to cancel plans to curb fossil fuel production in favor of green investments.
Instead, BP aims to be “very selective” about investing in low carbon options with planted fossil fuel production to 2.4 million barrels of oil and gas per day by 2030-about 60 % of the number in Zero -zero stipulated five years ago.
