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City experts believe the agreement hammered out between BP and President Obama should help it to rebuild its relationships in Washington, and protect the company's future. But with three quarterly dividend payments axed, investors will bear the pain for many months.

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More than one in four shareholders of Exxon Mobil Corp. supported a resolution Wednesday demanding more disclosure about the energy giant’s oil sands holdings, the largest protest to date over the amount of information available regarding the multi-billion dollar energy projects.

About 26.4% of investors at Exxon’s annual general meeting in Dallas voted in favour of shareholder motion asking the company to produce a report detailing the financial risks associated with the oil sands projects. The board recommended investors shoot down the proposal.

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A coalition of 20 pension fund investors and fund managers with assets of $1.7 trillion - all signatories to the United Nations Principles for Responsible Investment - is pressuring major companies, to reveal their management policies on bribery and corruption.

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The world's largest global investors issued a joint call today for strong action this year from U.S. and international policy makers in the fight against global warming. Amid growing focus on upcoming international climate treaty talks and Congressional debate of climate and energy legislation, global investors meeting here issued a major policy statement calling for a strong and binding international treaty that will reduce pollution and catalyze massive global investments in low-carbon technologies. Signed by 181 investors collectively managing more than $13 trillion in assets, today's investor statement is the largest of its kind on climate change in world history.

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BP has become the latest oil company to face a shareholder revolt over its investments in Canada’s controversial oil sands. A coalition of shareholders has tabled a resolution for the oil giant’s annual meeting on April 15 highlighting what they describe as the environmental and social risks of tar sands development.

The resolution, which follows a similar action taken by investors in Royal Dutch Shell, follows BP’s announcement last week that it is set to press ahead with a $10 billion investment in the industry. "

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Global investors representing $13 trillion in assets called on the United States and other countries on Thursday to adopt policies to fight climate change they said would unleash a potential flood of private money into renewable and efficient energy.

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The world's largest global investors issued a joint call today for strong action this year from U.S. and international policy makers in the fight against global warming.

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