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Activist Investor Doubles Down on Calls for Executive Changes at BP

·1 min
Bluebell Capital Partners BP Strategy Change Chairman Removal Oil-and-Gas Output Target Energy Transition Targets

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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.