BP urged to scale back its green agenda:
Investor blasts oil giant's 'irrational'
climate targets
Posted By: OhioNick, 1/30/2024 12:45:50 AM
An activist investor has urged BP to ditch its green strategy and continue to cash in on oil and gas. Bluebell Capital Partners wrote to the energy giant’s chairman Helge Lund with concerns about how the FTSE 100 energy giant is run. The London-based hedge fund blasted BP’s green transition plan as ‘irrational’ and said the strategy has depressed its share price. Investors are concerned that BP is underperforming compared with rival Shell and US energy giants Exxon Mobil and Chevron. Shell has scaled back its net zero transition strategy under the leadership of chief executive Wael Sawan. And American energy firms have doubled down on oil and gas production.
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that hosted drag events sentenced to 18
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BP urged to scale back its green agenda:
Investor blasts oil giant's 'irrational'
climate targets 7 replies
Investor blasts oil giant's 'irrational'
climate targets 7 replies
An activist investor has urged BP to ditch its green strategy and continue to cash in on oil and gas.
Bluebell Capital Partners wrote to the energy giant’s chairman Helge Lund with concerns about how the FTSE 100 energy giant is run.
The London-based hedge fund blasted BP’s green transition plan as ‘irrational’ and said the strategy has depressed its share price.
Investors are concerned that BP is underperforming compared with rival Shell and US energy giants Exxon Mobil and Chevron.
Shell has scaled back its net zero transition strategy under the leadership of chief executive Wael Sawan. And American energy firms have doubled down on oil and gas production.
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