BP is under legal pressure after excluding a climate-related shareholder resolution from the agenda of its AGM scheduled for 23 April 2026. The resolution, filed by Dutch shareholder advocacy group Follow This, asks BP to explain how it will protect shareholder value in scenarios of declining oil and gas demand. Although the filing met the shareholder threshold under the UK Companies Act, the proposal was omitted from the AGM notice published on 6 March.

Follow This has instructed law firm Mishcon de Reya, which warned that BP’s exclusion amounts to a blanket policy incompatible with statutory shareholder rights and gave the company until 1 April to include the resolution in a supplementary AGM notice, warning that otherwise investors will seek injunctive relief in court.

The proposal is backed by 23 institutional investors managing around $1.7 trillion in assets under management. By contrast, Shell has accepted an almost identical resolution from Follow This, which will appear on the agenda of its AGM on 19 May 2026.