Activist Investor Doubles Down on Calls for Executive Changes at BP

Bluebell Capital Partners, an activist investor, is intensifying demands for BP to replace its chairman and lead independent director. The investor is also pressing BP to address recent claims about a shift in its strategic direction. Reportedly, BP has decided to drop its previous target of reducing oil-and-gas production by 2030. The company's new Chief Executive is said to be adjusting its energy transition plans in an effort to bolster investor confidence and re-establish stability within the organization.