BP shareholders face pressure to vote against board resolutions amid climate dispute

BP shareholders are urged to vote against board-backed resolutions by a UK pension fund group, escalating a climate dispute. The Local Authority Pension Fund Forum (LAPFF), representing significant BP holdings, cited concerns over transparency and governance. This follows similar advice from influential proxy advisors and a major shareholder. The conflict centers on BP's attempt to exclude a climate resolution and withdraw previous shareholder-approved climate reporting resolutions, amidst leadership changes at the company.