BP Shareholders Demand Proof That Fossil Fuel Pivot Will Pay

A group of institutional shareholders in BP, featuring pension funds and an activist investment outlet, has filed a resolution demanding details on how exactly the company’s return to its core business of oil and gas would boost shareholder returns. According to a Reuters report, the group includes the Australasian Centre for Corporate Responsibility, a non-profit entity that invests in energy and mining companies with a view to making them invest more in climate change. The demands, to be tabled at BP’s next annual shareholders’…