More than 99 percent of BP’s shareholders voted in favor of a climate change shareholder resolution on Tuesday, pushing the UK oil and gas supermajor to set out a business strategy consistent with the climate goals of the Paris Agreement. BP, along with other oil majors, has been facing increased investor pressure to start addressing climate change risks and set emission reduction targets if the world is ever to achieve the Paris Agreement targets. At BP’s annual general meeting in Aberdeen on Tuesday, 99.14 percent of shareholders voted for the binding climate change resolution filed by investors acting as part of the Climate Action 100+ investor initiative, and supported by the BP board. “Investors will reserve judgement and expect BP’s response to be sufficiently robust. They will pay close attention to how it addresses emissions across its full value chain and expect to see clear evidence that any future […]