Story perspectives

Shareholders Reject BP Chair, Climate Reporting Vote Misses 75% Threshold

4/24/2026

Summary

Story summary

Albert Manifold received an 18% vote against his re-election as BP chair, a rare shareholder rebuke.
Nest warned that BP’s recent governance moves threaten shareholder rights and transparency.
BP’s proposal to drop climate-impact reporting earned only 47% support, far below the 75% threshold required for approval.
The board used advice to deem the Follow This resolution invalid and kept it off the agenda, unlike Shell which debated a comparable motion.

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Story summary

Albert Manifold received an 18% vote against his re-election as BP chair, a rare shareholder rebuke.
Nest warned that BP’s recent governance moves threaten shareholder rights and transparency.
BP’s proposal to drop climate-impact reporting earned only 47% support, far below the 75% threshold required for approval.
The board used advice to deem the Follow This resolution invalid and kept it off the agenda, unlike Shell which debated a comparable motion.