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BP shareholders back company's climate strategy

Kitco News

LONDON, May 12 (Reuters) - BP (BP.L) shareholders on Thursday backed the company's climate strategy, while fewer investors than last year supported a second resolution filed by an activist group urging faster action to battle climate change.

BP plans to slash its oil and gas output by 40% and boost its renewable power business by 20-fold by 2030.

The resolution won the backing of 88.5% of shareholders at an annual shareholder meeting in London, according to a provisional tally.

Reporting by Shadia Nasralla and Ron Bousso; editing by David Evans
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