Activist fund urges BP to hit brakes on green energy

London (AFP) Jan 29, 2024

Activist investment fund Bluebell Capital on Monday urged BP to scale back its "irrational" clean energy ambitions, one week before the British oil major's annual results. The fund wants BP "to adjust strategy" to abandon its medium-term emissions target linked to its use of products, in order "to retain flexibility on (hydrocarbon) production in line to demand", Bluebell partner Giuseppe Bi