Another Response to Corporate Rejection of Shareholder Proposals

BP threatened with court action for not distributing shareholder proposal

The disagreement centers on the legality of a submission from Follow This, which requests that the oil major disclose strategies for creating shareholder value.

Another Response to Corporate Rejection of Shareholder Proposals

The environmental advocacy group Follow This announced that they will pursue legal action against BP over its decision to exclude a shareholder proposal focused on the financial risks of declining oil and gas demand from its ballot, The resolution – which was also filed at Shell – asked BP to publish a report disclosing its strategy to create shareholder value “under scenarios of declining demand for oil and gas, including the International Ener…