26 Dec '11, 7pm

BP Moves Beyond Solar

BP Moves Beyond Solar

Tweet On May 19, 1997, John Browne, then the CEO of BP, gave his famous ‘Climate Change: the New Agenda ’ speech at Stanford, outlining BP’s new approach to global warming. One part of that new agenda was a foray into new energy technologies, particularly solar. Now it looks like solar is about to join the rest of Browne’s climate change plan and get wiped off BP’s agenda. Earlier this month, BP confirmed it will be closing down the operations of BP Solar, its solar energy unit, which has been operating since 1973. The reason BP offered is that solar energy isn’t profitable. Nevertheless, the company promised to continue to invest in clean energy, only it will now focus solely on wind energy and biofuels. The news of BP’s move was leaked from an email written by Mike Petrucci, President and CEO of BP Solar to his staff. “The continuing global economic challenges have signi...

Full article: http://www.triplepundit.com/2011/12/bp-moving-beyond-solar/

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