bp’s inaction in the field of #BPpensions where it blocked promised cost-of-living increases, has caused distress and hardship for pensioners. And (not or) it raises the question - if bp’s own pensioners can’t rely on what bp promised them, can anyone? #BrokenPromises Details in the 1st comment.
bp is in action in the UK North Sea, where it successfully started up production from the Seagull field. It’s all part of the company’s efforts to help keep energy flowing where it’s needed, while also investing in the energy transition. Watch this footage 🎥 from bp's Seagull #offshore project and learn more: https://on.bp.com/3F6ANhq.
So very true. BP are looking like a company that might well make promises with their fingers crossed behind their backs, if their promises to bp pensioners are anything to go by. BP have gone all incognito, they don’t want to talk about it, seemingly unconcerned about fanning the flames of discontent among their now retired loyal ex-staff and even less concerned about the impact of their actions…unintended or otherwise on them. Some pensioners are very old, many are very vulnerable. It really challenges you to think kindly about the company these days. BP have morphed into a callus, money grabbing machine. What a shame. Thank god I’m retired as I don’t think I’d feel quite as proud as I used to about referencing my 23+ years with the company any more. Sad really. #bppensions #bpbetrayingpensioners #bp
Mohammad there is nothing in action in bp when it comes to bp pensioners other than than a very brazen and underhand attempt to take possession of the surplus £billions in the UK DB Pension, this money specifically invested by the bp pensioners for their future and in the process making 60,000 no pensioners poorer in the process. A clearer example of corporate Greed would be difficult to imagine or find….. #bppensions
Let's remind ourselves why the BP Pensioner Group was formed 6m ago:- Monday May 15 2023, 12.01am, The Times BP has rebuffed an appeal from its pension trustees to increase payouts to help thousands of retired staff to manage the “challenging set of circumstances” raised by the energy crisis from which it has generated record profits. The oil and gas group’s pension trustees have written to 69,000 members of its defined-benefit scheme to tell them BP had made the “disappointing” decision to decline a discretionary increase above the scheme’s cap of 5 per cent. The trustees had told retirees in November that they were approaching the company because of “the impact of the conflict in Ukraine” and the “difficulties caused for many of you by these latest developments”. BP made record profits of $28 billion last year. The pay of its chief executive, more than doubled to £10 million, with a £1.4 million salary, a £2.4 million annual bonus and a long-term share bonus of £6 million. Brendan Nelson, chairman of BP Pension Trustees Limited, told its members that it would “continue to keep this matter under review” and that later this year it would “carefully consider” the pension increase that becomes effective from May 1, 2024.