In the UK, Bloomberg reports that activist investor BlueBell is calling on bp to halt future investment in renewable energy and instead invest $1.5 billion annually on oil and gas through 2030 while cutting $28 billion in investment by then in bioenergy, hydrogen and renewables & power. The hedge fund, which also agitated for change at Danone, says that a change to a net zero world by 2050 is becoming ever less likely and bp should not be setting itself up for such an unlikely situation.
