Activist Investor Bluebell Attacks BP’s Involvement in Solar
- Letter claims wasteful spending on UK solar capacity
- Bluebell has been urging BP to refocus on oil and gas
While Bluebell is among the most vocal activist investors, it only has a small stake in BP.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Bluebell Capital Partners continued its push for BP Plc to rethink its investments in clean energy, attacking the company’s involvement in solar projects in the UK.
The activist investor has been repeatedly critical of BP’s energy-transition strategy, arguing that it is going against the interests of its shareholders and wider society by moving away from fossil fuels too quickly. Bluebell’s co-founders, Giuseppe Bivona and Marco Taricco, have a record of shareholder activism, targeting a string of other corporate giants including Danone and Bayer AG.