BP…is facing an increasingly bloody nose from shareholders at its annual general meeting…this week after two giant US pension funds with combined assets of $380bn…joined a protest to vote down its annual report and accounts in the wake of the Deepwater Horizon oil spill in the Gulf of Mexico last year. The…California Public Employees’ Pension System (CalPERS), the largest US pension fund and a bellwether of corporate governance, and the…Florida State Board of Administration (SBA), both said they would vote against the company over a lack of response to safety and environmental concerns post-Deepwater. The decisions follow the announcement last week by a coalition of institutional investors from the US and Europe…that they would vote en masse against the report and accounts.