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BP agrees to activists' calls for wider climate disclosure

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Photo: Alexander Demianchuk/TASS via Getty Images

BP is supporting a proposal by activist investors that calls on the multinational giant to disclose how its spending and strategies sync up with the Paris climate agreement. In a related move, BP said progress on greenhouse gas cuts will factor into the pay of 36,000 employees, including executive directors.

Why it matters: Friday's move is the latest sign of how some of the world's biggest fossil fuel producers are responding to pressure from advocates — including some large investors — on global warming.

BP moves into China's electric vehicle charging market

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BP is investing in PowerShare. Photo: Joe Amon/The Denver Post via Getty Images

BP is investing in PowerShare, a 4-year-old Chinese startup providing a digital platform that "connects [electric vehicle] drivers, charge point operators and power suppliers," BP said today.

Why it matters: The funding amount in the Series A round was not disclosed, but it signals the interest in getting a stake in the world's largest market for EVs and its infrastructure.

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