Big US funds to vote against BP at AGM

LONDON, April 12 (Reuters) – Calpers, the biggest U.S.
public pension fund, and its Florida equivalent have said they
will vote against management ahead of BP’s (BP.L: Quote, Profile, Research) annual general
meeting this week, over anger at the Gulf of Mexico oil spill.

Calpers and the Florida State Board of Administration (SBA),
which between them own almost 83 million shares, or 0.4 percent
of BP’s shares, said they will oppose the approval of the
company’s annual report and against the re-election of Bill
Castell, non-executive director and head of the safety, ethics
and environment assurance committee.
(Reporting by Tom Bergin; Editing by Will Waterman)

Big US funds to vote against BP at AGM