BP’s boardroom turmoil has escalated from shareholder unrest to a full-blown governance crisis.

Shell’s AGM showed that, for investors, how a board handles climate pressure may now matter more than how forcefully it resists it.

As the 2026 proxy season moves past its peak, this week’s AGMs reinforce familiar patterns. Shareholder discontent is evident across pay, climate and governance votes, but formal outcomes continue to diverge sharply from sentiment.

Follow This has issued a public letter, urging investors to support Resolution 23, which asks Shell’s board to explain how resilient its strategy would be in a scenario where the market for oil and gas contracts, rather than merely cycling through price volatility.