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BP activist investor pressure to ditch clean energy
Posted on 2/28/24 at 9:53 am
Posted on 2/28/24 at 9:53 am
quote:
Activist investor Bluebell Capital Partners has called on BP to ditch its commitment to cut oil and gas output as well as other keys parts of its strategy to transform the company into a clean energy provider.
quote:
In the letter, seen by the Financial Times, Bluebell said BP’s pledge to reduce oil and gas production by 25 per cent by 2030 compared with 2019 levels meant it was destroying shareholder value by moving away from hydrocarbons faster than society.
Financial Times
3
Posted on 2/28/24 at 10:27 am to DaBike
we are in the process of 3 T/A on BP Gulf of Mexico Assets, they are definitely cutting back....
Posted on 2/28/24 at 10:42 am to DaBike
BP (and any other western oil producer) that deliberately cuts back on production "due to environmental reasons" only helps China/Russia/Middle east.
Posted on 2/28/24 at 10:44 am to DaBike
quote:
Activist investor
Did they call Blackrock an "activist investor" when it began forcing ESG down the throats of companies it bought heavily into?
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