BP should ditch environmental policies, says activist investor

Activist European hedge fund Bluebell Capital Partners has called on FTSE 100 oil producer BP plc to rethink its energy-transition strategy for fear of losing market value and netting poor returns in solar and wind farm projects. Headed by Giuseppe Bivona and Marco Taricco, Bluebell argued that BP’s expectation of a “drastic decline in oil and gas demand” is “utterly unrealistic”. Bivona told The Guardian that BP should “stay away from businesses in which they have no right to win” and where expected return ...