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flag Hedge fund Elliott bets $1 billion against Shell, signaling continued industry tensions.

flag Elliott Investment Management has taken a significant short position against Shell, worth over $1 billion, marking the largest such position against the energy company in nearly a decade. flag This move follows Elliott's recent acquisition of a nearly 5% stake in Shell's competitor, BP. flag The hedge fund's actions highlight ongoing tensions within the energy sector as companies focus on fossil fuels to improve shareholder returns.

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