Oil giant BP braces for shareholder showdown over green strategy U-turn

  • Britain's BP is bracing for a shareholder backlash at its annual general meeting on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green strategy U-turn. Asset manager Legal & General, a leading shareholder in BP, said it intends to vote against the reelection of outgoing Chair Helge Lund, a position that would defy BP's management recommendation.