LSE:BP.Oil and Gas
Investor Pressure Tests BP’s Oil Focus And Perceived Valuation Gap
BP (LSE:BP) is under pressure from the Australasian Centre for Corporate Responsibility over its renewed focus on oil and gas.
The investor group has formally challenged BP to explain how increased spending on oil and gas compares with investing in low carbon projects.
Activists are asking BP to provide clearer disclosure on how capital allocation decisions align with long term shareholder value and climate goals.
BP is a global energy group with significant exposure to oil and gas, while...