BP board had a torrid time at their AGM with 59 per cent of shareholders rejecting the executive remuneration package and questions on climate change, and the new project in the Great Australian Bight that has been described as a carbon bomb.
Inside the AGM, BP were grilled by shareholders, including big institutional investors, about their reckless plans to drill in the Bight. Wilderness Society national campaign director Lyndon Schneiders and Catherine Howarth from partner organisation ShareAction were in the meeting and asked pointed questions about the Bight.
It was reported that members of the board appeared to distance themselves from the Bight proposal, pointing the finger at the Australian government for enticing oil companies to drill in the region. The CEO also remarked, quite rightly: "Gosh this investment in Australia is not very popular today."
