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One activist investor is taking on BP, urging the oil giant to scale back green pledges
BPBP(BP) CNBC·2024-01-30 13:22

Activist investor Bluebell Capital Partners is pushing for BP to urgently change tack, saying it is "highly debatable" whether the oil major's strategy of reducing fossil fuel investments in favor of clean energy has any chance of succeeding.Giuseppe Bivona, partner and co-chief investment officer at Bluebell, on Tuesday said that the FTSE 100 energy company's depressed share price relative to its U.S. and European peers had been "totally underwhelming" in recent years, and that it should now consider deplo ...