BP under pressure from pro-oil hedge fund as MPs urge it to go green

By Yahoo! Finance   |   1 month ago
BP under pressure from pro-oil hedge fund as MPs urge it to go green

BP is facing pressure from Elliott, a pro-oil hedge fund, to increase cost-cutting and boost shareholder returns. MPs criticize BP for scaling back on renewable energy projects, urging the company to align with Britain's net zero goals. Elliott demands further cost savings and management changes at BP.

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