BP investors push for say on climate | Canada's pension giants split on climate | Stewardship divergence

The reset that is years late is conceded & the share price has begun an initial descent. No resolution of the pension scandal a clear signal of no change. Shortly will be touchdown when bp is subject to hostile acquisition or hived-off. BP Pension Fund Trustees have been told by the BP Pensioner Group (BPPG) that the decision-making processes adopted in deciding pension increases, and decisions made by bp and the Trustee are, we believe, legally flawed with perverse outcomes as a result. We believe that relevant factors were omitted & irrelevant factors included in reaching their decisions. bp’s leadership have delivered a loss of share value, drop in performance, damage to reputation and a failed strategy. This should send a signal to the Trustee that bp’s past decisions can not be relied upon as being safe. Now is the time for the Trustee to act to resolve this dispute. Addressing and settling legal questions raised by the BPPG is in the best interests of 56,000 Fund members but also the Trustee and bp in providing essential direction & clarity for ensuring the Fund operates in line with fiduciary & non-fiduciary duties. THIS IS NOT A GOOD LOOK! https://bit.ly/reset2late #BPpensions #bp Elliott Investment Management L.P.

As a bp pensioner I take no pleasure in seeing the demise of my former employer but it has been heading this way for some years. The calibre of "leadership" has been poor and, frankly, damaging. It has been like watching a car crash in slow motion when the driver is blind to the dangers ahead. Time for bp to settle the Pensions Dispute. bppensionergroup.org #BPPensions #ageism

Will BP think again? The Energy Price Cap just increased by 6.4% again! (to ￡1849) This takes the Energy Price Cap increase since this time last year to 9.4% (was ￡1649). However, yet again, BP Pensioners were only awarded a 5% BP pension increase last year. They have since lost the Winter Fuel allowance and were encouraged by BP to apply for charitable cost of living grants! Who Benefits from the increase in the Energy Price Cap? Yes, the Energy Companies, including BP. Let's not forget what happened in 2022 when the Energy Price Cap last peaked and BP reported windfall profits of over $27 BILLION. One can only begin to imagine what this did to Executive Bonus's that year. For some reason, at the very same time, the BP Leadership team decided to stop awarding inflation related BP Pension increases and introduced a 5% increase cap, just as inflation rocketed to 13.4%. The BP Pensioners hope that this inexplicable situation is reconsidered and reviewed as part of this weeks BP Strategy Reset. The BP Pensioners deserve better than this! #bpPensions