Delivering Sustainable Investments Since 1982®

Trillium News

May 1, 2001

Trillium Asset Management actively supports resolutions at BP on climate change and Tibet(Archive)

On April 19, two resolutions supported by Trillium Asset Management came to a vote at BP’s annual shareholder meeting. The first – filed primarily by Greenpeace members – asked BP to report on how the oil company planned to move “beyond petroleum” and become a sustainable energy company. The second – filed by Free Tibet supporters – asked BP to divest itself of its stake in PetroChina, a Chinese oil company operating in Tibet. The Greenpeace resolution gained over 7% of the vote while the Free Tibet resolution gained just over 5%. Most importantly, both resolutions served to focus media scrutiny on BP’s environmental and human rights record. Simon Billenness of Trillium Asset Management attended the annual meeting in London and directly questioned BP Chairman Peter Sutherland.

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