Malcolm Moore
👤 SpeakerAppearances Over Time
Podcast Appearances
I mean, Iran's got to think about that.
I am going long, black and white, crisp packets.
I don't know whether you've seen this, but in Japan, where they love crisp packets and they love plastic packaging of all kinds, some companies, and I don't know whether this is a marketing stunt or not, but they've said that because of the energy crisis, they don't have the colored inks to be able to paint their gaudy plastic packets in the way they wish.
And so they've turned them grayscale.
And as a result, I am envisioning Japanese shoppers lost in the aisles, unable to tell the difference between flavours, probably buying all sorts of terrible flavour combinations for their kids, which would be immediately rejected and lead to tantrums.
And I am 100% there to watch that spectacle.
So one resolution was actually to reverse some previous shareholder resolutions around climate reporting.
So in 2015, and then again in 2019, BP had put out resolutions which obliged it to basically release a lot of data around its sort of climate change performance.
BP now argues that's just pointless duplication because we have a sort of mandatory reporting framework, which already encompasses all that stuff.
But obviously, it just put the backs up of all the people who think that BP, this oil major, is reversing its climate obligations.
And so there was a kind of a symbolic vote, and it only got 47% support.
The other resolution, they wanted to hold electronic
And their argument here is basically lots of our shareholders are across the world.
Therefore, we want to democratize the process by giving them the right to attend.
But I guess again, here, there were big questions about whether shareholders would be able to have their say.
And so that one also only got 47% support.
Well, look, it should have been a pretty upbeat meeting, right?