BP’s new CEO faces shareholder rebellion BP suffered a significant shareholder revolt at today’s AGM, with more than half of shareholders expressing unease about the company’s attempt to scale back climate reporting

BP suffered a significant shareholder revolt at today’s AGM, with more than half of shareholders expressing unease about the company’s attempt to scale back climate reporting
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ACCR’s BP AGM speech: the case for capex transparency Ahead of BP's AGM, ACCR's Sarah Brewin warns that voices of critical investors are being silenced and sets out why the group has co-filed a resolution demanding greater transparency on BP's capital al...

The #BPAGM is happening today and @accr.bsky.social which co-filed the only climate resolution added to the agenda say they have been told they would not be allowed to introduce the resolution. We have published the full speech here: www.netzeroinvestor.net/news-and-vie...

Solar overtakes gas as key source of global energy supply Solar photovoltaic has emerged as the single largest contributor to growth in global energy supply for the first time in 2025, with analysts predicting tailwinds for solar stocks

A bit of good news: #solar is now overtaking #lng as a source of global energy supply and #emergingmarkets stand to benefit as the latest @iea.org data shows.

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Happy #internationalbeaverday

Exclusive: People’s Pension overhauls climate approach The People's Pension, one of the UK's largest master trusts, is ditching its 'top-down 1.5°C aligned portfolio' for a bottom-up net zero approach. What does this mean in practice?

The People's Pension, one of the UK's largest master trusts, is ditching its 'top-down 1.5°C aligned portfolio' for a bottom-up net zero approach. What does this mean in practice?

www.netzeroinvestor.net/news-and-vie...

Happy Friday, here's a happy tiger to cheer you up..

BP faces legal ultimatum over blocked climate resolution The campaign group Follow This has given BP a one-week deadline to include its shareholder resolution, warning that the company’s directors could face legal action if they fail to comply, according to...

BP has been presented with a firm deadline which neatly coincides with Meg O'Neill's first day on the job. Which begs the question, who decided not to admit the Follow This climate resolution if not the CEO?

www.netzeroinvestor.net/news-and-vie...

Danish investors challenge Nordea’s Arctic fossil fuel financing ahead of AGM Nordea, the largest lender in the Nordic region, has come under pressure from institutional investors over its backing of Arctic oil and gas exploration

Nordea is due to hold its AGM tomorrow, the first one to be virtual only. Some investors are concerned about its continued backing of Arctic oil and gas exploration.

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I do like you Edinburgh.

Brunel marks cost savings at final AGM but predicts transition will cost millions - Room151 Brunel’s final AGM marked the pool’s achievements as it reported £172.9m in cost savings since its inception, including savings of some £57m over the

Exclusive: Brunel marks cost savings at final AGM but predicts transition will cost millions www.room151.co.uk/local-govern...

BP faces legal challenge after excluding climate resolution British energy giant BP is facing a court challenge over its decision to exclude a climate resolution from its upcoming AGM

Breaking: BP appears to be "emboldened" by US backlash against shareholder rights, campaigners warn - will it work in the UK?

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Reassuring to see pensions minister @torstenbell.bsky.social doubling down on the energy transition at #PensionsUKIC26

"If environmental strategies don't have a future, then frankly, neither do we"- the always brilliant @carolinelucas.bsky.social at #PensionsUKIC26

Financing dies in darkness? The impact of newspaper closures on public finance We examine how local newspaper closures affect public finance outcomes for local governments. Following a newspaper closure, municipal borrowing costs…

Studies show that when local news outlets stop scrutinizing government, efficiency drops. Public payrolls bloat. Waste increases.

The cost gets passed to you—roughly $85 in added taxes per person after a county loses one of its last few papers.
www.sciencedirect.com/science/arti...

Doubling down: NZAM relaunch backed by 250 managers but largest US firms decline to join The Net Zero Asset Managers initiative has formally confirmed its relaunch, with British, European and Australasian managers now dominating the network

Perhaps bigger is not always better?

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Powering through war: how wind farms became a symbol of Ukrainian resilience - Net Zero Investor - Net Zero Investor Net Zero Investor‘s mission is to provide written, streamed and in-person content that will benefit investors’ net-zero journeys.

Energy security is one of the key arguments for continued fossil fuel investment. But in Ukraine, wind energy is proving to be a lot more resilient to Russian attacks than oil and gas infrastructure as my colleague Atharva reports www.netzeroinvestor.net/news-and-vie...

Oil and gas assets account for the bulk of BP’s losses Ahead of BP’s full-year results due tomorrow morning, new research suggests that fossil fuel holdings, rather than renewables, account for the majority of the company’s losses and impairments.

Oil giant will be releasing it's results tomorrow morning. Here's an important bit of context to consider.
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Today another group of investors set out their resolution for the BP AGM. It's interesting that the rhetoric shifts from Paris alignment to capital discipline. The method worked at Woodside as I set out here..

www.netzeroinvestor.net/news-and-vie...

Exclusive: LPPI set to open Bristol office amid Brunel consolidation - Room151 LPPI, which announced in September last year that it will take on the Devon, Avon, Dorset, Somerset, Cornwall, and Environment Agency Pension Funds, is

Interesting new development for LGPS funds..

www.room151.co.uk/local-govern...

Service providers net zero alliance ceases activities as standalone initiative The NZFPA has announced a decision to ‘reorganise’. In a statement, UNPRI said members will continue their target setting activities independently

The timing of this is rather ominous.. tomorrow is the deadline for NZAM's great rebrand

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European pension funds: Assemble! Or not. Up to you really

Interesting times.. One third of US debt is held by foreign investors. The biggest foreign owners of US debt (China and Japan ) are unlikely to move though.

www.ft.com/content/452b... via @FT

Photo by Pierre Lavie. Yes this is me. And I threw my Leica. It landed on the bass plate with hardly a scratch. Another Photographer grabbed it along with my phone and I was able to track him later. I was held face down tear gas deployed right in front of me and pepper sprayed directly into the eye.

Climate resolutions at Shell and BP AGMs shift focus from Paris alignment to shareholder value Investors filing climate resolutions at Shell and BP are reframing the debate, demanding a financial case for oil and gas expansion rather than Paris alignment

Investors have filed climate resolutions for the upcoming AGM's at Shell and BP. With global oil prices dropping, the focus has shifted from Paris alignment to shareholder value.

www.netzeroinvestor.net/news-and-vie...

Climate fiduciaries: part III – mind the model gap Climate models help pension funds estimate the financial costs of climate change, they are often imperfect. Do pension funds have a fiduciary obligation to critically engage with the models they adopt...

There's a lot of climate risk modelling out there. Not all of it makes sense. Do pension funds have a fiduciary obligation to critically engage with the climate risk models they adopt?

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What lies behind Trump’s retro oil plundering? Doubling down on fossil fuels threatens to leave the US floundering in the AI race with China

Gillian Tett is spot on: Trump's doubling down on oil is economic self sabotage - www.ft.com/content/572b... via @FT

JP Morgan replaces proxy advisers with AI-based research tool - Net Zero Investor - Net Zero Investor Net Zero Investor‘s mission is to provide written, streamed and in-person content that will benefit investors’ net-zero journeys.

Will be interesting to see how this pans out.
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UN climate chief warns US withdrawal from IPCC, UNFCCC a 'colossal own goal' - Net Zero Investor - Net Zero Investor Net Zero Investor‘s mission is to provide written, streamed and in-person content that will benefit investors’ net-zero journeys.

The White House move to withdraw from leading international climate bodies has been criticised by UN officials as a 'colossal own goal'
www.netzeroinvestor.net/news-and-vie...

Readers of @netzeroinvestor.net will have noticed our site includes a ticker with global emissions as reported by @climate.noaa.gov we consider this a key benchmark for progress. I have just updated it for 2025, emissions have gone up again. As a planet, we've got serious catching up to do now.

Let’s be clear: if the Palestine Action hunger strikers die, the government will bear moral responsibility | George Monbiot The three remaining hunger strikers have been convicted of nothing. Yet with astonishing cruelty, ministers refuse to listen to their reasonable demands, says Guardian columnist George Monbiot

If the Palestine Action hunger strikers die - which they could do at any moment, as they are now very close to the end - it will be the government that killed them. Today’s column explains why. Please share, and write urgently to your MP.
www.theguardian.com/commentisfre...

Israeli army targeting my Alma Mater with live ammunition injuring 11 students. They won't succeed. In the words of Rafeef Ziadah: "we teach life, sir."