One activist investor is taking on BP, urging the oil giant to scale back green pledges
Publishing timestamp: 2024-01-30 13:22:49
Summary
Bluebell Capital Partners is pushing for BP to change its strategy of reducing fossil fuel investments in favor of clean energy, saying it is unlikely to succeed. BP's share price has been underwhelming compared to its peers, and Bluebell believes the company should adapt its strategy to reality. BP has welcomed constructive engagement with its shareholders and is scheduled to release its fourth-quarter and full-year 2023 results on Feb. 6.
Sentiment: MIXED
Tickers: BP.-LN,
Keywords: oil and gas, climate, energy, business news,