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


"Clumsy Response To A Serious Issue": Treasury Head Was "Unreasonable" On Budget Breach

Outgoing Treasury secretary Gabriel Makhlouf was "clumsy", unreasonable and fell "well short" of expectations in his handling of the Budget data breach, a government report has found.

The State Services Commission report was ordered in the fallout of Mr Makhlouf claiming Treasury's website had been "deliberately and systematically hacked" and referring the matter to police...

The Commission's report - released today - said Mr Makhlouf did not act reasonably in his use of the word "hacked" or his subsequent explanations to media. More>>


'Team' For Housing: Cabinet Reshuffled

Prime Minister Jacinda Ardern has confirmed the details of a Cabinet reshuffle that sees Kris Faafoi being promoted into Cabinet, Poto Williams made a Minister outside of Cabinet and a team put in place to advance the Government’s housing plan. More>>


'Increase Still Needed': Community Law's Interim Boost To Remain

Today’s Post-Budget announcement extending last year’s interim funding boost to Community Law services is the second step in honouring the Coalition Government Agreement to increase funding to Community Law. More>>


At Select Committee: WRC Blames Bus Troubles On City's Challenges

Wellington's Regional Council is blaming a perfect storm of new operators, buses, routes, driver shortages and design failures for the shambolic introduction of new bus services a year ago. More>>


Gordon Campbell: Public Service Reforms Don't Protect The Public

Reportedly, the legislation involved is to be called the Public Service Act, because… well, it seems that the notion of “public service” is back in vogue. More>>


Police: Excessive Force Used Breaking Up Party

The Authority found that one of the officers involved had used knee strikes during the arrest... this officer made concerning comments... to the effect that "it's about time some of these kids got what they deserved." More>>


Environment Accounts: NZ's Household Emissions Increasing

Household emissions of greenhouse gases increased 19.3 percent from 2007 to 2017, mainly due to rising emissions from road transport, Stats NZ said today. More>>


Legislation: End Of Life Choice Bill Passes Second Reading

Just 20 MPs had the opportunity to debate the bill and many shared personal stories of watching family members die in what was at times an emotional display in the House. More>>


Other Bills:

Principals Reject Offer: Primary Teachers Vote For Settlement

Primary teachers have voted to ratify a proposed settlement that will give them pay parity with their secondary colleagues, but disappointed primary principals have rejected a settlement that was unchanged from a previously rejected offer. More>>





InfoPages News Channels