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  "documentTitle": "BP plc (BP)",
  "authorId": "23_Bluebell_Capital",
  "authorName": "Giuseppe Bivona and Marco Taricco",
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  "presentationDate": "2024-10-21 00:00:00",
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  "notes": "This is page 4 of a shareholder letter from Bluebell Capital Partners to BP.",
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      "kind": "callout",
      "text": "We demand that the company provide answers to the above questions without further delay and stop leaving us, and the entire financial community, in the dark, hiding the clearly evident underperformance behind vague \"rules of thumb\".",
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      "text": "8. Could you confirm your aim for 20-30% Scope 3 reduction by 2030, against your 2019 baseline? 9. If you confirm that you have halted new offshore wind projects, is the $30bn 2023-2030 capex plan in Hydrogen + Power still valid given your recent decisions to sell your US onshore wind business and to significantly reduce the number of Hydrogen + CCUS opportunities, from 30 to 5-to-10? 10. What corrective actions has BP taken, following the court ruling which deemed the planning permission for the construction of a solar farm in Burnhope, obtained by Lightsource BP, to be 'unlawful' due to misrepresentation of the actual capacity to be installed, which led to its revocation by the judge?",
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      "text": "It is your regulatory duty to communicate in a transparent and timely manner. We demand that the company provide answers to the above questions without further delay and stop leaving us, and the entire financial community, in the dark, hiding the clearly evident underperformance behind vague 'rules of thumb'. Once again, we see BP's poor communication as further evidence of the Chair's failure to properly manage the Board, and the Senior Lead Independent Director's inability to effectively fulfill their role.",
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      "text": "4 https://www.rushcliffe.gov.uk/media/zgbpn1hf/cd-59-galloway-v-durham-county-council-3 2024-ewhc-367-admin.pdf 5 https://www.bp.com/en/global/corporate/investors/regulatory-news-updates-and-filings/trading-conditions-update.html",
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