Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:17 PM

GasBuddy News Article

26
votes
BP Invests $3 Billion in Alternative Energy Globally

bloomberg.com -- BP Plc, Europe’s second-biggest oil company, has invested $3 billion in alternative energy globally and is on course to meet its commitment made in 2005 to spend $8 billion, said a company official.

London-based BP will focus mainly on wind power projects in the U.S., solar in India and China and biomass in Brazil, BP China President Chen Liming said at a Beijing conference today.

BP’s alternative energy unit earmarked $8 billion of investment in the decade through 2015. Expansion in biofuels, along with solar, wind-power and carbon-capture and storage projects, will help the company cut greenhouse-gas emissions blamed for global warming, Katrina Landis, who heads the unit, said in September.

BP has secured possible sites for as many in 100 wind projects with a potential


Read the Full Article

Submitted Nov 20, 2009 By: teafortwo
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: BP Invests $3 Billion in Alternative Energy Globally Topic is locked Back to Topics
REPLIES (newest first)
Profile Pic
mobil2009
Champion Author Chicago

Posts:1,467
Points:407,140
Joined:Jun 2009
Message Posted: Dec 11, 2009 5:22:39 PM

Done
Profile Pic
DerHahn
Champion Author Illinois

Posts:11,144
Points:1,652,980
Joined:May 2004
Message Posted: Nov 21, 2009 8:51:05 AM

i noticed they aren't doing anything with biodiesel which can be made from waste products and greatly reduce oil demand coming from opec.
Profile Pic
rodzilla123
Champion Author San Diego

Posts:2,444
Points:618,130
Joined:Jul 2008
Message Posted: Nov 21, 2009 12:11:49 AM

Good Job BP. Lets do it all and show the Black Hearted Liberal Jackasses that even after it si all done and said, It wont amount to a Hill of Beans difference. The Earth is going to do as it pleases, and nothing we can do will ever be anywhere near as bad as what Mother Nature has done to this Planet in the past. Its still here, and changes and rejuvrnates as it desires.
Profile Pic
Focus2
Champion Author Illinois

Posts:6,293
Points:1,629,975
Joined:Mar 2006
Message Posted: Nov 21, 2009 12:06:05 AM

If big oil controls energy in what ever direction we go, then I see little break for the consumer that is being ripped off already. Maybe the analyst and others will start to talk "peak winds" or sunshine due to global warming and jack up prices according to the weather reports.
Profile Pic
texasvet
Champion Author Texas

Posts:2,315
Points:261,900
Joined:Jul 2009
Message Posted: Nov 20, 2009 11:50:27 PM

Wasting resources on politically correct chimerae.
Profile Pic
JoeKR
Champion Author New Jersey

Posts:7,243
Points:1,415,465
Joined:Feb 2006
Message Posted: Nov 20, 2009 11:42:11 PM

Big Oil will remain a big energy player even when oil is exhausted!
Profile Pic
mstearno
Champion Author Dayton

Posts:5,862
Points:1,285,210
Joined:Jan 2008
Message Posted: Nov 20, 2009 11:35:56 PM

notice globally
Profile Pic
milespergallon
Champion Author Illinois

Posts:7,488
Points:1,479,065
Joined:Feb 2007
Message Posted: Nov 20, 2009 11:19:34 PM

Wind power? That is an alternative? Says who?
Profile Pic
altima2008
Champion Author Philadelphia

Posts:5,793
Points:1,272,305
Joined:Apr 2008
Message Posted: Nov 20, 2009 11:19:02 PM

Hey nobama is full of hot air maybe he could at least power the district of columbia!
Profile Pic
phurburger
Champion Author Atlanta

Posts:2,555
Points:530,670
Joined:Oct 2005
Message Posted: Nov 20, 2009 11:18:13 PM

This is just good business sense. It's a hedge, not a commitment to give up on good business markets and a huge economy.
Profile Pic
fasu007
Veteran Author South Carolina

Posts:480
Points:1,034,755
Joined:Jun 2008
Message Posted: Nov 20, 2009 11:16:01 PM

Where are the rest of the companies? Let's get going with some research.
Profile Pic
SSchmidty
Champion Author Illinois

Posts:6,953
Points:1,323,635
Joined:Mar 2008
Message Posted: Nov 20, 2009 11:15:43 PM

pig-oil attempting to remain relevant ....
Profile Pic
idigau22
Champion Author Washington

Posts:20,210
Points:2,803,350
Joined:Apr 2003
Message Posted: Nov 20, 2009 11:01:34 PM

If BP is going to focus mainly on wind power in the U.S., They should start in Washington DC! More Hot Air and Blowhards there then anywhere else on earth!!
Profile Pic
BamaPack
All-Star Author Atlanta

Posts:868
Points:250,590
Joined:Sep 2008
Message Posted: Nov 20, 2009 10:55:17 PM

good...they can afford it
Profile Pic
eagleeye2008
Champion Author Wisconsin

Posts:6,634
Points:1,270,415
Joined:Jul 2008
Message Posted: Nov 20, 2009 10:45:43 PM


Good news,but,,,we will see ???
Profile Pic
cincidap
Champion Author Cincinnati

Posts:3,575
Points:694,250
Joined:Sep 2006
Message Posted: Nov 20, 2009 10:40:08 PM

As "Beyond Petroleum", they'd better be!
Profile Pic
Bleeder
Champion Author Virginia

Posts:6,128
Points:1,267,655
Joined:Jan 2008
Message Posted: Nov 20, 2009 10:39:02 PM

They should not be the only ones. Of course Government motors would need another loan of taxpayer money to do anything like this.
Profile Pic
bad_sailor
Champion Author London

Posts:5,560
Points:1,234,555
Joined:Dec 2007
Message Posted: Nov 20, 2009 10:28:43 PM

Good for them.
Profile Pic
dkinsf
Champion Author San Jose

Posts:2,450
Points:739,620
Joined:Mar 2007
Message Posted: Nov 20, 2009 10:28:29 PM

$3 billion is a start. Let see if it continues or is this just a PR play.
Profile Pic
Grismer
Champion Author Kitchener-Waterloo

Posts:6,258
Points:1,271,445
Joined:Apr 2008
Message Posted: Nov 20, 2009 10:28:22 PM

So replacing oil will not eliminate the the profits when the time comes. Right on BP.
Profile Pic
Chris46
Champion Author Dayton

Posts:17,123
Points:1,672,420
Joined:Sep 2005
Message Posted: Nov 20, 2009 10:27:31 PM

They must smell a profit (Kazillions) in the making.
Profile Pic
ssect8
Champion Author Hartford

Posts:5,608
Points:1,662,630
Joined:Jun 2006
Message Posted: Nov 20, 2009 10:21:22 PM

More money for them if they can find the golden goose to replace oil.
Profile Pic
paulydel
Champion Author Delaware

Posts:6,784
Points:687,195
Joined:Jan 2008
Message Posted: Nov 20, 2009 10:06:20 PM

Good for them.
Profile Pic
RoadRover
Champion Author Jacksonville

Posts:2,853
Points:405,415
Joined:May 2004
Message Posted: Nov 20, 2009 10:01:52 PM

I feel a lot of HOT AIR! GO blow a somewhere else. This is only to make them LOOK good and for a HUGE TAX WRITE OFF.

[Edited by: RoadRover at 11/20/2009 10:03:24 PM EST]
Profile Pic
RobRD
Champion Author Alberta

Posts:3,828
Points:896,020
Joined:Jul 2007
Message Posted: Nov 20, 2009 10:00:34 PM

Good for BP.
Profile Pic
TBONE3
Champion Author Pennsylvania

Posts:6,383
Points:1,509,670
Joined:Mar 2005
Message Posted: Nov 20, 2009 9:45:28 PM

I was happy when BP first opened a station in the US back in the sixties and even happier they are looking at wind power here. keep on experimenting BP.
Profile Pic
tnsilvertip
Champion Author Tennessee

Posts:1,275
Points:480,960
Joined:Oct 2005
Message Posted: Nov 20, 2009 9:34:27 PM

Good for BP. Hope some Americans get a job.
Profile Pic
Asbury09
Champion Author Iowa

Posts:4,968
Points:1,069,655
Joined:Jan 2009
Message Posted: Nov 20, 2009 9:27:23 PM

free enterprise without government help
Profile Pic
Cyberkedi
Champion Author Atlanta

Posts:11,960
Points:2,030,240
Joined:Aug 2005
Message Posted: Nov 20, 2009 9:27:04 PM

Bully for BP! This is capitalism at its best. I'm glad that I have a BP card.
Profile Pic
PissedCanuck
Champion Author Toronto

Posts:5,138
Points:1,192,210
Joined:Nov 2006
Message Posted: Nov 20, 2009 9:25:52 PM

How about setting up recharging stations for all those Hybrids in the local BP gas stations to get to first base before we can talk about anything else positive for the environment. All talk and no action.
Profile Pic
WCCurtis
Champion Author San Bernardino

Posts:3,304
Points:1,359,945
Joined:Oct 2005
Message Posted: Nov 20, 2009 9:25:22 PM

Capitalism at its best.
Profile Pic
REKEY
Champion Author South Carolina

Posts:6,202
Points:1,233,350
Joined:May 2008
Message Posted: Nov 20, 2009 9:25:13 PM

Another way to screw us!
Profile Pic
ChuckGVT
Champion Author Vermont

Posts:4,363
Points:1,226,695
Joined:Apr 2008
Message Posted: Nov 20, 2009 9:24:54 PM

So?
Profile Pic
NavyStore
Champion Author Seattle

Posts:3,768
Points:1,658,065
Joined:Aug 2005
Message Posted: Nov 20, 2009 9:24:07 PM

Of course they are investing in it... they want to keep their boot on the neck of the American consumer.
Profile Pic
BEngr
Champion Author Illinois

Posts:4,263
Points:1,115,130
Joined:May 2008
Message Posted: Nov 20, 2009 9:21:48 PM

BP is taken the right approach to diversify. They will be in the energy business for the long haul.
Profile Pic
danreino
Champion Author Twin Cities

Posts:6,270
Points:1,142,195
Joined:Mar 2008
Message Posted: Nov 20, 2009 9:20:09 PM

Thank You Cincinnati Tom (3 n's)



[Edited by: danreino at 11/20/2009 9:22:04 PM EST]
Profile Pic
TomT2Lee
Champion Author Cincinnati

Posts:3,807
Points:1,167,120
Joined:Sep 2005
Message Posted: Nov 20, 2009 9:17:12 PM

To bad your theory is completely wrong MDTDriver.
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:7,567
Points:1,307,530
Joined:Apr 2008
Message Posted: Nov 20, 2009 9:16:57 PM

Affordable? Must be competitive to be worthwhile.
Profile Pic
sillywagon
Champion Author New York

Posts:10,800
Points:1,003,045
Joined:Oct 2008
Message Posted: Nov 20, 2009 9:16:43 PM

I would assume that they are doing this to make money, to make profit. I just wonder how much tax dollars, and subsidies they will be getting to pursue these alternatives?
Profile Pic
MDTDriver
Champion Author California

Posts:7,440
Points:1,691,035
Joined:Jul 2006
Message Posted: Nov 20, 2009 9:13:10 PM

Like I said months ago all oil companies invest in Aternative Energy the price of gas will fall to the bottom very soon.
Profile Pic
k2kipp
Champion Author Minnesota

Posts:1,174
Points:745,785
Joined:Sep 2005
Message Posted: Nov 20, 2009 9:07:37 PM

Sounds good. Keep on truckin...
Profile Pic
camel1
Champion Author Minnesota

Posts:6,040
Points:1,814,590
Joined:Jul 2006
Message Posted: Nov 20, 2009 9:01:07 PM

A focus on alternative is at best suspect for BP
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:6,480
Points:1,383,835
Joined:Aug 2005
Message Posted: Nov 20, 2009 8:57:26 PM

Diversification is always good.
Profile Pic
skybiker
Champion Author South Carolina

Posts:5,481
Points:1,131,390
Joined:Jul 2008
Message Posted: Nov 20, 2009 8:56:25 PM

We are still a long way from this coming to fruition...
Profile Pic
fizbos
Champion Author Maine

Posts:2,092
Points:1,037,660
Joined:May 2006
Message Posted: Nov 20, 2009 8:55:12 PM

That will buy some good greenie PR in Europe!
Profile Pic
skybiker
Champion Author South Carolina

Posts:5,481
Points:1,131,390
Joined:Jul 2008
Message Posted: Nov 20, 2009 8:52:57 PM

I would like to see independent research company do this instead...
Profile Pic
us4usa
Champion Author Missouri

Posts:3,815
Points:679,250
Joined:May 2008
Message Posted: Nov 20, 2009 8:46:54 PM

Good for US jobs on the wind power projects wish they would have the solar projects here also
Profile Pic
dbatw
Champion Author St. Louis

Posts:1,686
Points:341,165
Joined:Apr 2009
Message Posted: Nov 20, 2009 8:46:48 PM

good 'ole British Petroleum: they are investing in future ways to screw the consumer.
Profile Pic
cutter1330
Champion Author Oklahoma

Posts:5,713
Points:1,228,490
Joined:Jul 2005
Message Posted: Nov 20, 2009 8:45:35 PM

Covering most of new alternatives.
Profile Pic
ziyulu
Champion Author Oklahoma City

Posts:6,103
Points:1,159,650
Joined:Aug 2007
Message Posted: Nov 20, 2009 8:44:13 PM

Definitely beyond petroleum, looking into alternatives.
Topic is locked Back to Topics