Oil and gas company BP will provide more clarity about its greenhouse gas emissions. The British company has announced that it will support a resolution on this during the shareholders’ meeting. This resolution is voted on by a number of institutional investors, including the Dutch pension fund ABP.
BP will also make the remuneration of 36,000 employees, including the board, dependent on the achievement of emission targets. However, the authors of the resolution are still concerned about whether BP’s strategy is in line with the Paris climate agreement. The concern is going to produce a lot more gas and oil over the next five years.
In a resolution of climate-activist shareholder Follow This, BP does not see anything. The group wanted the oil and gas company to also set targets for limiting the emissions of the fuels it supplies to customers.
Follow This was previously only Shell behind the rags about CO2. The Dutch-British group last year decided to reduce its footprint by 20 percent by 2035.