BP Plans to Invest $8 Billion In Renewable Energy
by Justin Thomas, Virginia 
on 11.29.05
BP, Europe's largest oil company, plans to double spending on alternative and renewable energy, creating a business unit that may generate about $6 billion a year in revenue within a decade. The company will invest $1.8 billion over the next three years on solar, wind, hydrogen, and carbon-sequestration, focusing on new technologies that can replace oil-and-gas-based generation, which accounts for more than 40 percent of man-made greenhouse gas emissions, the company said. See this analysis on Worldchanging by Joel Makower. :: Fuel Cell Today and The Guardian
Thirsty for more? Check out these related articles:
- Would You Pay a Quarter a Day to See the US Become the Global Leader on Clean Energy?
- Did Split Estate Cause An Oil Representative to Resign?
- How to Go Green: Alternative Energy
- 9 Easy DIY Projects for Travel Junkies and Outdoorsy Types
- The 5-Minute Guide to the Senate Climate Bill
- One State Consumes Half the Energy Per Capita of the Other 49--Guess Who?
Comments ()
