The energy giant plans to relax its reductions in oil and gas production from 40 to 25 per cent by 2030 - and views this change as part of its wider climate strategy which was previously approved by shareholders last year.
A spokesperson said: "We have increased our aims for reducing operational emissions and for reducing emissions intensity of our energy sales, and for investing in our transition businesses."
Five
Concerned investors will have to express their disagreement through other key votes tomorrow.
Lund was backed by 96.6 per cent of shareholders at last year's AGM.
Today's outcome is not yet clear.
The company's shares soared 20 per cent in February when it announced plans to ease fossil fuel reductions, which had powered the company to record £23bn profits last year.
(c) 2023 City A.M., source