(ANSA) - LONDON, APRIL 27 - Some shareholders of BP, including five of the most important pension funds in the United Kingdom, are in revolt against the decision of the British energy giant to reduce the commitments made on the climate for the ecological transition.
They are ready to vote in the general meeting in London against the renewal of the mandate for the company's chairman, HelgeLund.
In addition, the group of activist shareholders of the 'Follow This' organization presented a resolution to introduce more ambitious goals in terms of combating climate change.
The original target to reduce emissions had been agreed by BP with shareholders in 2022 and called for a 35-40% cut by the end of this decade.
But in February, the energy giant's leaders reduced it to 20-30% to produce more oil and gas and also to extend existing fossil fuel projects.
BP chief executive Bernard Looney said the decision was made in response to growing energy security concerns following the invasion of Ukraine.
Against a backdrop of skyrocketing prices, a company like any other in the oil & gas sector has generated billion-dollar extra profits last year.
(HANDLE).