Because the Guardian has reported this morning:

Such resolutions have been put ahead earlier than. They at all times fail. And often, they’re non-binding anyway, making a mockery of supposed shareholder management.

However, the transfer by the funds is nice. As are the numbers of individuals they symbolize.

The purpose may be very easy. BP clearly acts within the pursuits of some. These few – clustered in fund administration places of work the place they assume themselves immune from local weather change – will vote for BP’s administration.

In distinction, these few courageous pension funds that can oppose are, in impact, mass actions.

The bulk don’t have any say in finance proper now. The time will come when they’ll.