The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMedium•8 April 2026•

1 min read

BP Chair Albert Manifold Faces Re-election Opposition Over Climate Policy

Key Facts

1Glass Lewis has recommended that shareholders vote against the re-election of BP Chair Albert Manifold.

2Investment firm L&G also plans to oppose Manifold's re-election.

3The opposition follows the board's decision to block a climate-related resolution.

BP Chairman Albert Manifold is facing a significant challenge to his re-election as major proxy advisor Glass Lewis and institutional investor Legal & General (L&G) move to oppose him. The backlash follows the board's decision to block a shareholder resolution focused on climate targets. Glass Lewis has formally recommended that shareholders vote against Manifold's re-election during the upcoming annual meeting. Similarly, L&G, a prominent investment firm, has signaled its intent to oppose the chair's leadership. This internal governance dispute highlights growing friction between oil majors and ESG-focused investors. Market analysts suggest that such friction could create uncertainty regarding BP's management stability and long-term strategic direction.

Create Free Account