# PIRC recommends vote for BP climate activist resolution
Published: 2023-04-24
Category: Headlines
Category URL: https://brandsjournal.com/category/headlines/
Meta Title: PIRC recommends vote for BP climate activist resolution
Meta Description: PIRC recommends BP shareholders support resolution to address climate concerns at annual general meeting.
URL: https://brandsjournal.com/pirc-recommends-vote-for-bp-climate-activist-resolution/

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## PIRC recommends vote for BP climate activist resolution   LONDON (Reuters) – Investor advisory firm PIRC on Monday recommended that BP shareholders vote against the company’s chair over [climate](https://brandsjournal.com/uk-refutes-claims-it-is-dropping-14-76-billion-climate-pledge/) concerns and in favour of a climate [activist](https://brandsjournal.com/activist-investor-elliott-management-takes-stake-in-salesforce-sources/) resolution at the energy group’s annual general meeting on Thursday.    Major investor advisers ISS and Glass Lewis have recommended BP shareholders oppose the climate resolution filed by activist group Follow This.    Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors and itself built on oil and gas revenue, said on Saturday it would vote against the Follow This [resolution.](https://brandsjournal.com/faster-complaints-resolution-times-dont-need-to-be-a-trade-off-with-the-right-customer-outcome/)    In February BP rowed back on plans to slash its 2019 oil and gas output levels by 40% by 2030, and now it envisages a 25% cut, angering [climate](https://brandsjournal.com/uk-refutes-claims-it-is-dropping-14-76-billion-climate-pledge/) activists but seeing its share price surge.        (Reporting by Shadia Nasralla; Editing by David Goodman and Louise Heavens)


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