The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England.
Anna Barclay | Getty Images News | Getty Images
Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm’s green strategy U-turn.
A planned resolution on the reelection of outgoing BP Chair Helge Lund has been billed as an opportunity for investors to signal discontent on climate change, corporate governance and the influence of U.S. hedge fund Elliott Management.
Britain’s beleaguered energy major, which has lagged behind more hydrocarbon-focused industry peers in recent years, has sought to resolve something of an identity crisis by launching a fundamental reset.
Seeking to rebuild investor confidence and boost near-term shareholder returns, BP in February pledged to slash renewable spending and ramp up annual expenditure on its core business of oil and gas.
The strategy reset was broadly welcomed by energy analysts, and BP CEO Murray Auchincloss has since said the pivot attracted “significant interest” in the firm’s non-core assets.
British asset manager Legal & General, a leading shareholder in BP with a roughly 1% stake, said it intends to vote against Lund’s reelection on Thursday — a position that would defy BP’s management recommendation.
Legal & General cited dissatisfaction over major revisions to the firm’s energy strategy, alongside BP’s decision not to allow a shareholder vote on the new direction.
Legal & General’s plans align with those of international asset manager Robeco, U.K. pension funds Nest and Border to Coast, as well as activist investors including Dutch group Follow This — all of which have indicated they will vote against Lund’s reelection.
Norway’s gigantic sovereign wealth fund and a number of U.S. pensions funds, however, have reportedly said they will back Lund’s reelection. Proxy advisors Institutional Shareholder Services and Glass Lewis have also recommended a vote in favor of Lund, according to Reuters.
It paves the way for a shareholder showdown at BP’s AGM, with observers closely monitoring the level of investor opposition to Lund’s reelection. Historically, votes against the chair of BP have remained under 10%.
A BP spokesperson declined to comment when contacted by CNBC.
Energy transition plans
BP’s renewed focus on oil and gas comes at a time when the London-listed energy firm is firmly in the spotlight as a potential takeover target. British rival Shell and U.S. oil giants Exxon Mobil and Chevron have all been touted as possible suitors.
“We value the significant steps BP has taken in recent years regarding its climate-related commitments and efforts, which we have supported through extensive and constructive dialogues, aimed at creating long-term value as the climate transition unfolds,” Legal & General’s investment stewardship team said on April 11.
Murray Auchincloss, chief executive officer of BP, during the “CERAWeek by S&P Global” conference in Houston, Texas, on March 11, 2025.
Bloomberg | Bloomberg | Getty Images
“However, we are deeply concerned by the recent substantive revisions made to the company’s strategy as announced at the 2025 Capital Markets Day on 26 February, coupled with the decision not to allow a shareholder vote on the newly amended climate transition strategy at the 2025 AGM,” they added.
Legal & General said BP’s announcement earlier this month that Lund will step down, likely next year, was viewed “positively,” but ongoing unease about the firm’s succession plan means it intends to vote against the AGM resolution.
Five years ago, BP became one of the first energy giants to announce plans to cut emissions to net zero “by 2050 or sooner.” As part of that push, BP pledged to slash emissions by up to 40% by 2030 and to ramp up investment in renewables projects.
The company scaled back this emissions target to 20% to 30% in February 2023, saying at the time that it needed to keep investing in oil and gas to meet global demand.
Robeco said in its rationale that BP had refused to repeat a so-called “Say on Climate” vote for its strategy revision, despite previously requesting shareholder support for the firm’s previous and “more ambitious” transition goals.
“We have unsuccessfully requested such a consistent feedback mechanism several times, including in a public letter alongside other investors with GBP 5 trillion in assets under management,” said Michiel van Esch, head of voting at Robeco.
“As a result, we have growing concerns over the company’s resilience through the energy transition, and over the consistency of its approach to climate governance, leading us to vote against the chairman and chair of the safety and sustainability committee,” he added.
Governance concerns
Elliott Management, for its part, is widely thought to be putting pressure on BP to minimize low-carbon investments and prioritize oil and gas. It emerged recently that the activist investor has built a near 5% stake in BP, making it one of the firm’s largest shareholders.
Activist shareholder Follow This, which has a long history of pushing for Big Oil to do more to tackle climate change, said the need to vote against Lund had not disappeared following news of his looming departure. The group added that investors concerned with good governance should voice their dissatisfaction.
“Voting against the board is the only way for shareholders to express their dissent over BP’s refusal to allow a vote on its strategy U-turn,” Mark van Baal, founder of Follow This, said in a statement.
“Now, the board has unilaterally changed course without asking shareholder support with a vote. This raises serious governance concerns. It seems BP’s leadership is afraid of its own shareholders,” he added.
Chevy is celebrating America’s 250th anniversary with a patriotic lineup of special edition Stars & Steel models, including the electric Silverado EV pickup.
Meet the Chevy Silverado EV Stars & Steel edition
The new Stars & Steel collection is “a curated lineup of uniquely designed vehicles that embody purpose-driven patriotism and American craftsmanship,” Chevy said
Chevy is releasing five special-edition vehicles for 2026, including the Silverado EV, Corvette, Silverado LD, Silverado HD, and Colorado, in celebration of the country’s 250th anniversary.
Each vehicle is assembled in the US and will feature exclusive interior and exterior design elements, including American-flag-inspired graphics on the hood, as well as other premium options that “underscore patriotism,” according to Chevy.
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The Silverado EV Stars & Steel Special Edition will be available on the RST Crew Cab trim. Buyers can choose from Summit White or Black exterior colors, while a Sky Cool Gray interior with bucket seats offers “a bold electric interpretation” of the Stars & Steel theme.
Every 2026 Chevy Silverado special edition model includes American Flag-inspired stripes in Satin Silver or Satin Black and “250” flag graphics.
Chevy also added 24″ high-gloss black wheels, black nameplates, and a new Brembo heavy-duty brake system with red-piston front calipers, and larger 15.7″ brake discs.
The 2026 Chevy Silverado EV Stars & Steel Special Edition (Source: Chevrolet)
For every Stars & Steel vehicle sold, Chevy will donate $250 to nonprofits that support veterans. Be on the lookout as the collection will make its first public appearance this weekend during the Army-Navy game on Saturday, December 13, 2025.
A tribute to the roads that built us. Introducing the Stars & Steel Collection. pic.twitter.com/rKrz1NckpE
Chevy said production of the new lineup is expected to begin in early spring 2026, and prices will be announced at a later date.
The 2026 Chevy Silverado EV offers an impressive driving range of up to 494 miles and can tow up to 12,500 lbs. It’s available in three trims: Custom, LT, and Trail Boss, starting at $55,895.
Tesla CEO Elon Musk took to X (formerly Twitter) this morning to dismiss Waymo’s progress in autonomous driving, claiming that the Alphabet-owned company “never really had a chance against Tesla” and that this will be “obvious in hindsight.”
The comment came as a direct response to a discussion about Waymo’s newly released safety data—a level of transparency that Tesla has yet to match.
The exchange started when Google DeepMind Chief Scientist Jeff Dean pointed out the massive disparity in validated autonomous mileage between the two companies. Dean noted that Tesla doesn’t have “anywhere near the volume of rider-only autonomous miles that Waymo has,” citing Waymo’s fresh milestone of 100 million rider-only miles.
Musk, who has promised a fleet of “1 million robotaxis” by the end of 2020 (a deadline that passed five years ago), responded with his usual bravado:
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“Waymo never really had a chance against Tesla. This will be obvious in hindsight.”
In fact, Tesla has zero Robotaxi miles with rider-only as its service still has in-car safety supervisors. Despite the safety drivers preventing an untold number of accidents, Tesla has a much higher accident rate with its supervised robotaxis than Waymo or average human drivers.
The data show that Waymo’s Driver avoids crashes at a rate significantly better than human drivers, with a 91% reduction in serious injury-causing crashes compared to human benchmarks.
Meanwhile, Tesla has yet to deploy a single vehicle without supervision for a commercial ride or even share anywhere near the amount of data Waymo shares..
While Tesla regularly releases a “safety report”, it was widely criticized by safety experts for being an “apples-to-oranges” comparison. Tesla’s report relied on airbag deployments as a proxy for crashes and lacked the granular injury data that Waymo provided. Furthermore, Tesla’s data covers a system that is supervised by a human 100% of the time, making it impossible to isolate the safety performance of the software itself.
Tesla frames the data as proving “FSD is better than human drivers”, but in truth, if you take the data, it faces value; it only compares “FSD with human supervision to human drivers.”
Electrek’s Take
I find it increasingly difficult to reconcile Elon’s statements with reality. Waymo is currently operating fully driverless commercial services in multiple major cities. Tesla is still testing a Level 2 driver-assist system that requires constant human attention.
Apple and oranges.
We are looking at two companies. One has nearly 100 million miles of documented, driverless driving with specific, published safety data showing it is safer than humans. The other has zero driverless miles, vague safety reports that rely on proxies like airbag deployments, and a CEO who has been promising “next year” for a decade.
For Elon to look at Waymo, which is currently operating the exact service Tesla has been trying to build for years, and say they “never had a chance” is baffling.
To put it in terms that a racing enthusiast like Elon might understand: He thinks Tesla is leading the race because he can see Waymo in his rear-view mirror. What he doesn’t realize is that he isn’t ahead; he’s actually being lapped.
When a car is a full lap ahead of you, it appears behind you on the track. But that doesn’t mean you are winning.
I understand that he believes that Tesla’s cheaper system will enable it to scale faster once it solves unsupervised self-driving, but there’s simply no evidence of that.
If Tesla removes the safety drivers from its fleet in three weeks, as Musk claims, which is a big if, it will officially be about 5 years behind Waymo and will still need to prove safety without a supervisor and then scale.
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I’ve ridden a lot of electric scooters over the years. Most blur together – two wheels, a deck, a motor, and a series of compromises. But every now and then, one stands out. And after a couple of weeks riding the Bo M2 electric scooter, I can confidently say: this one’s different.
The Bo M2 is not your average e-scooter. It’s a purpose-built, premium commuter with some seriously refined features – and a price tag to match. At $2,490, it’s firmly in high-end territory. But for riders who want a serious transportation tool, not a toy, there’s a lot to like here.
Bo M2 scooter review
To see what I mean, check out my ride review video below. Then keep reading for even more details on this innovative electric scooter!
What makes the Bo M2 stand out?
Let’s start with the construction. The M2 is built around a single-piece aluminum unibody frame, which the company calls the Monocurve chassis, and it’s beautiful. No welds, no hinges, no rattling folding mechanisms. Just one sweeping curve of aluminum that feels solid as a rock and helps explain the scooter’s clean, futuristic aesthetic.
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This thing looks more like a design concept from a European mobility expo than something you’d expect to lock up outside a coffee shop. But it’s not just for looks (even if it does look beautiful). The rigid frame gives the whole scooter a planted, roadworthy feel. It doesn’t flex, wobble, or creak, even when you’re riding aggressively or hitting uneven pavement.
Even the most rigid of folding scooters will always have a bit of play in the folding area, but the Bo M2 just feels like a solid frame throughout – more like a motorcycle frame than a standing scooter frame.
And speaking of stability, let’s talk about the real magic trick here: the steering system.
The best handling I’ve ever felt on a scooter
The Bo M2 uses a proprietary feature the company calls Safesteer, which is essentially a built-in steering damper. Think of it as power steering for a scooter – but in reverse. Instead of making the steering looser or twitchier, it actually adds some light resistance and dampens those small, unwanted wobbles you often get when riding one-handed or over rough terrain. The result is that the bars don’t wiggle and they also naturally have a slight return pull towards the neutral position.
The effect is genuinely impressive. You can feel it from the first few feet of riding. At slow speeds, the front end feels calm and composed, not fidgety or loose. At high speeds, it tracks in a straight line with an almost eerie smoothness. I can even ride the scooter no-handed like a bicycle or motorcycle, though it just feels wrong to do so because I’ve spent my entire life knowing that you can’t ride a scooter no-handed… at least until now.
It’s one of those features you don’t realize you need until you experience it – and now I wish every scooter had it.
For newer riders or anyone who’s ever felt nervous about steering on a scooter, Safesteer is a game changer. And for experienced riders, it just makes the whole ride feel more premium.
Performance and range
The Bo M2 uses a 400W-rated motor with an actual peak output of 1,270W, and it delivers a top speed of 22 mph (35 km/h). That’s fast enough for most urban commuting in the bike lane and likely more than enough to keep pace with bike traffic.
It’s not going to pace a Class 3 e-bike in the US, but it’s still pretty fast for riding along on 10×2.5″ tires.
Acceleration is strong but not jerky, especially in Sport mode, which gives you full power. There’s also an Eco mode if you want to conserve battery or ride more gently. I mostly stuck with Sport mode, since it’s fun without feeling twitchy.
Range is rated at up to 26.2 miles (42 km), or one marathon, and while that’s best-case scenario, I could get over 20 miles (32 km) per charge riding at mixed speeds in the city. I’d call that sufficient for most daily commuters, and the 672 Wh battery charges in about 4.5 hours with the included fast charger.
Braking and control
Bo takes a slightly different approach to braking than most scooters. Up front, you get a sealed mechanical drum brake. Out back, there’s a regenerative electronic brakes with e-ABS that activates when you pull the left lever. The regenerative braking can pull as much as 1,000W of power, helping to (briefly) recharge the battery during each stop.
Braking is smooth and progressive, and the regen system is particularly satisfying. It slows the scooter down quickly and recaptures a bit of energy while doing it. Plus, there’s less maintenance to worry about with sealed drums and electronic brakes.
And of course, having the Safesteer system means you can brake hard without worrying about wobble or oversteer. Everything feels composed, like it was designed by automotive engineers… since it was.
Ride quality, comfort, and details
The ride comfort on the Bo M2 is among the best I’ve experienced on a scooter without full suspension. Part of that is due to the Airdeck system, which is a layer of EVA foam that adds vibration damping to the standing deck. Combined with the 10-inch tubeless pneumatic tires and ergonomic silicone grips, it smooths out a surprising amount of road chatter.
It’s not a plush, bouncy ride as you’d get with spring suspension, but it feels deliberate and connected to the road, like riding a high-quality urban bicycle. This will absolutely not make up for big pot holes, but it will feel better on normal rough roads then a typical rigid scooter. You’re giving up the advantages of long travel suspension for the benefit of rigidity, and the Airdeck system helps make swallowing that compromise a bit easier.
There are also a lot of thoughtful features that make the M2 feel like a real vehicle. The 800-lumen headlight is excellent, and the 270° daytime running light ring makes the scooter more visible from all angles. The rear light includes a brake alert, and everything is IP66-rated, so riding in the rain is no problem. Or at least it’s not a problem for the scooter. I’d still recommend you not ride in the rain unless you have to since its harder to be seen by cars and you do have to worry about loosing traction on slick surfaces like wet leaves, smooth pavement, etc.
The scooter comes with a MOUS Intralock phone mount (which I didn’t use because I’m married to the Peak Design phone lock system, but they do include an adapter if you want to stick it to the back of your own phone case). There’s also lockable anchor points for a U-lock and a built-in motor immobilizer that you can activate via the Bo smartphone app, giving you a bit more peace of mind in terms of theft prevention.
Is it worth the price?
At $2,490, the Bo M2 is definitely not cheap. You can get solid e-scooters for less than half that price. And so I will immediately tell you that this is not the scooter for everyone, or even most people. This is not a bang-for-your-buck scooter. This is something fancy for those who want to pay more for fancier features like steering dampers and a design that speaks to things no other scooter ever has.
This is a commuter-grade vehicle for someone who wants to ditch the car or bus and ride something premium, daily. And it genuinely delivers on that promise.
If you’re looking to spend less, Bo also offers the Bo M1, which shares much of the same design DNA but has lower power and a slightly reduced spec sheet. It starts at $1,990, saving around $500 compared to this higher spec version. But after riding the M2, I’d say the upgrade is worth it if you want the best experience.
And if you’re considering a Bo scooter at all, let’s just say that money probably isn’t your first concern. A scooter that was brought to you by former engineers at outfits like Jaguar and Land Rover was never going to be designed to compete on price, but rather on premium features and design.
Final thoughts
The Bo M2 is one of the most refined electric scooters I’ve ever tested. It’s beautifully built, thoughtfully engineered, and loaded with features that actually make a difference in day-to-day riding.
The steering damper alone puts it in a league of its own for ride stability, and the unibody aluminum frame gives it a level of build quality that most folding scooters can’t touch.
No, it’s not for everyone. If you just need a cheap ride for a few blocks, this is 100% overkill. But if you’re serious about getting something premium, you definitely want the standing ride of an e-scooter, and you want a daily commuter that feels more like a transportation appliance than a toy, the Bo M2 is worth every penny.
And with a scooter that rides this smoothly, you might actually look forward to your commute.
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