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BP Shifts from Green Transition After Activist Investor Pressure
BP's chairman, Helge Lund, is leaving after activist investor Elliott Management pressured the company to increase oil and gas production, derailing its planned 40% reduction in hydrocarbon dependence. This follows the 2023 departure of CEO Bernard Looney.
BP Shifts from Green Transition After Activist Investor Pressure
BP's chairman, Helge Lund, is leaving after activist investor Elliott Management pressured the company to increase oil and gas production, derailing its planned 40% reduction in hydrocarbon dependence. This follows the 2023 departure of CEO Bernard Looney.
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