The oil giant is expected to go back on a promise to reach net zero carbon emissions by 2050 at a strategy meeting next week.
BP investors, including Scottish Widows and Hargreaves Lansdown, have demanded a vote on any plans to scrap the company's climate goals, as BP is expected to reconsider its renewable energy commitments at an upcoming strategy meeting. The investors, concerned about BP's shift away from net zero targets, called for accountability and clarity on capital allocation. This demand contrasts with Elliott Management's likely push to scrap climate goals, setting up a potential conflict. BP confirmed receipt of the letter and will respond accordingly.
