Trillium Asset Management’s Simon Billenness will attend BP Amoco’s annual meeting in London on April 19. Simon will speak in support of a shareholder resolution urging BP Amoco to take further steps toward becoming a sustainable energy company. The resolution urges the company to plan and conduct business in radical new ways. “Protecting the climate will require a radical rethink of energy policy and a move away from fossil fuels, leaving most of the world’s total fossil fuel resource below the ground.”
Britain lacks two actors key to American shareholder activism: religious shareholder activists and firms such as Trillium Asset Management dedicated to social investment. This is why Greenpeace approached an American investment firm in order to find the one significant investor in BP Amoco needed to file the resolution.