Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


13% Of BP Amoco Vote Support Greenpeace Resolution


April 14, 2000. Auckland: The highest vote for an environmental resolution anywhere in the world was achieved when BP Amoco shareholders voted on a resolution initiated by Greenpeace, at the BP Amoco Annual General Meeting in London yesterday (overnight NZ time).

Yesterday’s initial proxy vote, displayed at the BP AGM, showed 1,491 million shares in favour of the resolution representing 13.5 per cent of the vote. The value of the shares supporting the Greenpeace resolution is estimated at $US13.5 billion, which would build 27 solar factories.

“This is an historic vote, and the highest vote for an environmental resolution anywhere in the world. BP Amoco cannot ignore this message, it comes from its own investors as well as environmentalists”, said Matthew Spencer, Greenpeace climate campaigner in London. “The BP Amoco Board must now outline a strategy to shareholders on how it will make the transition from climate destroying fossil fuels to renewable energy.”

“BP Amoco must take heed of a significant vote at its Annual General Meeting today on a resolution calling for the abandonment of oil production plans for the Arctic ocean and Arctic National Wildlife Refuge and for a redirection of funds into its solar subsidiary BP Solarex”, said Spencer.

The company has acknowledged the threat of global climate change and that it would mean a substantial reduction in the use of oil and gas – its core products at present. However the company had not outlined to shareholders how it would manage this transition and what it would mean for the company’s oil and gas investments which represent 99.9 per cent of its total energy investments.

“This significant vote at the BP Amoco AGM, in favour of clean renewable energy, should be an early warning sign for fossil fuel companies around the world. No longer can the environmental consequences on the climate system from burning fossil fuels be ignored”, said Sue Connor of Greenpeace New Zealand. “Governments around the world have made a commitment to preventing dangerous climate change. If fossil fuel companies won’t make the transition from fossil fuels to renewable energy themselves, governments must set the policy in place for the transition to take place.”

For more information contact Sue Connor, Greenpeace New Zealand (09) 630 6317 or 021 213 5603. Contact Jon Walter Greenpeace press office in London on +44 171 865 8255/6/78 or mobile 0031 653 504731

Photos of BP AGM available from Sue Connor at Greenpeace New Zealand.

 A copy of Matthew Spencer’s speech at the AGM is available from Greenpeace New Zealand, contact Sue Connor.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news