BP Plans to Invest $8 Billion In Renewable Energy

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

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