International

"BP Faces Shareholder Revolt Over Bob Dudley's Pay"

"Investors group will vent its displeasure during AGM by voting against £4.6m remuneration package for chief executive"

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"A substantial pay revolt will be mounted by shareholders at the annual general meeting of BP on Thursday following the board decision to give more than £4m remuneration to chief executive, Bob Dudley, despite a depressed stock price.

A group of investors will vote in protest against acceptance of this part of the company's remuneration report, emboldened by a negative recommendation from the shareholder advisory body Pirc.

Source: Guardian, 04/12/2012

"Melting Arctic May Redraw Global Geopolitical Map"

"This year's frenzy of oil and gas exploration in newly accessible Arctic waters could be the harbinger of even starker changes to come. If, as many scientists predict, currently inaccessible sea lanes across the top of the world become navigable in the coming decades, they could redraw global trading routes -- and perhaps geopolitics -- forever."

Source: Reuters, 04/06/2012

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