The UK's major pension firms vote against BP's chair after the company cut its climate ambitions.
The pension funds told the BBC they only found out about the change in BP's climate targets via media reports. They then approached BP to ask for a vote on the new targets but BP refused, arguing it was not a material change to the strategy.
He said he thought BP's decision was driven by short term profit considerations rather than the long term sustainability of the company. As well as voting against the re-election of the chairman, the five pension funds are supporting the a resolution put forward by Dutch NGO Follow This which calls for more aggressive targets on what are known as scope 3 emissions - emissions from the use of its products.
Belgique Dernières Nouvelles, Belgique Actualités
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