Bluebell Capital Partners says strategy has depressed share price and is ‘unrealistic’ about decline in oil and gas demand
BP is under pressure from a hedge fund to ditch a strategy that will see it cut its oil and gas output in favour of investing in clean energy.
London-based Bluebell Capital Partners has written to BP arguing that the FTSE 100 energy company’s strategy has depressed its share price and presumed a “drastic decline in oil and gas demand, which we consider to be utterly unrealistic”.
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