Core Viewpoint - Activist shareholder group Follow This is challenging BP's decision to exclude its climate resolution from the upcoming annual general meeting, emphasizing the need for BP to disclose long-term strategies in response to declining oil and gas demand [1]. Company Actions - BP has decided not to include the climate resolution in its notice for the annual general meeting scheduled for April 23, citing legal advice that the resolution did not meet legal requirements [1]. - A BP spokesperson stated that the company has a clear strategy with multi-year targets aimed at driving long-term shareholder value and is committed to responsible climate-related reporting [1]. Shareholder Involvement - Follow This filed the climate resolution alongside investors managing approximately €1 trillion ($1.2 trillion) in assets, including Groupama and the Ethos Foundation, as well as several European local pension funds [1]. - The group has indicated that if BP does not comply within two days, they will seek court intervention to compel BP to circulate the resolution to shareholders [1]. Historical Context - Follow This has been filing climate resolutions at shareholder meetings since 2016, achieving significant shareholder votes in previous years, including 80% at Phillips 66, 60% at Chevron, around a third at Exxon and Shell, and 20% at BP [1].