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StocksMedium•8 April 2026•

1 min read

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

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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.

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.