What are the five largest UK pension schemes planning to do in response to BP's decision to slow pla

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Five of the UK's largest pension schemes, which together oversee £244bn in assets, plan to vote against the reappointment of BP's chair, Helge Lund, in a growing revolt among key shareholders over the oil company's decision to slow planned cuts in fossil fuel production and carbon emissions. The pension schemes include Nest, the UK's universities pension scheme, Brunel Pension Partnership, Border to Coast, and LGPS Central. They are expressing their anger at BP's decision to revise its production targets and carbon emissions goals without consulting shareholders.

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