"BP Shareholders Back More Disclosure on Climate Change Risks"

"BP shareholders voted overwhelmingly on Thursday to publish regular updates on how its strategies were affecting climate change from next year, making it one of the first global oil companies to disclose such details.

Ninety-eight percent of BP shareholders supported the plan proposed by a group of investors and non-governmental organisations at its annual general meeting in London.

"This resolution is about disclosure, it's not about setting targets," said BP Chairman Carl-Henric Svanberg at the event. BP did not specify what shape the disclosures will take."

Karolin Schaps and Dmitry Zhdannikov report for Reuters April 16, 2015.

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Source: Reuters, 04/17/2015