BP Plc is facing pressure from Elliott Investment Management regarding its opaque business operations, which the British energy major is reluctant to sell. An analysis highlights the challenges stemming from a recent private equity deal that has exposed issues related to accounting practices and earnings metrics. The private equity sector is reportedly undergoing a reassessment of its investments in renewable energy, with significant markdowns in valuations since 2021, when investments reached approximately $1 trillion over two years. This scrutiny comes as BP has also engaged in options trading, specifically taking April 34 calls at a price of $0.95. The situation reflects broader trends in private equity as firms grapple with the financial viability of their renewable energy bets.