Shareholder Activism

BP PLC AGM Clash Deepens as Glass Lewis Urges Vote Against Chair Over Climate Resolution

BP PLC AGM Clash Deepens as Glass Lewis Urges Vote Against Chair Over Climate Resolution

Glass Lewis urged BP shareholders to vote against Chair Albert Manifold’s re-election after the board blocked a climate resolution from the April 23 AGM. Legal & General Investment Management also plans to oppose Manifold. ISS, another proxy adviser, criticized BP’s move to revoke earlier climate pledges. BP defended its actions, citing investor feedback and a push for standardized disclosures.
April 8, 2026

Stock Market Today

  • Oil prices drop below $100 on Iran peace deal hopes, markets rise
    May 25, 2026, 8:37 AM EDT. Oil prices fell below $100 a barrel for the first time in two weeks as hopes grow for a US-Iran peace deal. Brent crude dropped 5.5% to just under $98. The conflict's focal point remains Iran's blockade of the Strait of Hormuz, a critical energy chokepoint. Equity markets responded positively, with Japan's Nikkei up nearly 3% and Europe's Stoxx 600 rising 0.8%. The dollar weakened while the pound hit its highest level since May. Analysts caution markets remain wary as past negotiations have stalled. Inflation fears have driven central banks to consider further rate hikes, with the Bank of England expected to raise rates twice in 2024.