Thursday, April 14, 2011

Protesters target BP annual meeting

Protesters target BP annual meeting | Business |

BP executives faced angry protesters as shareholders prepared to vote at its annual meeting in London, which is taking place a few days before the first anniversary of the Deepwater Horizon explosion.

Fishermen and women from the Gulf coast affected by the spill, some of whom had bought BP shares to allow them to attend the annual meeting, joined climate change activists and artists protesting against the oilcompany.

Institutional investors, angry at what they claim are excessive executive pay deals, urged shareholders to vote against the remuneration package.

As BP's chairman, Carl-Henric Svanberg, described a year of "unprecedented crisis" and remembered the families of the 11 who died in the explosion, protesters spoke of their lost livelihoods.

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