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BP Plans $1B Wind, Biofuel Investments For 2011

BP plans to invest $1 billion in 2011 in its renewable energy business, roughly the same amount it invested last year. During the company’s fourth-quarter earnings call, BP CEO Bob Dudley said that a bulk of the company’s green Capex would largely support …

BP Close to Securing Financing for 250 MW Wind Farm

BP’s? wind power unit is close to securing debt financing supporting the construction of its? Cedar Creek II wind farm in Weld county Colorado.

BPs Hayward: There Are No Silver Bullets

BP's Hayward: Urging a middle path Copenhagen marked “the end of the beginning” of the effort to curb carbon emissions; it was the first time countries agreed to act, regardless of whether there is a global treaty, BP CEO Tony Hayward said yesterday. …

BP?s Tony Hayward Still Bullish on Renewables, Despite Evidence to the Contrary

What?s up with BP?s Tony Hayward? He has significantly scaled back the company?s Alternative Energy unit in recent years, causing big name executives to seek greener pastures, and shelved the ?Beyond Petroleum? slogan of his predecessor. Yet, today he?s chirping about the good …

BP Cuts Expenses at Renewable Energy Unit by $4 bln [UPDATE] [CORRECTION 02.04.10]

CORRECTION | 02.04.10: Over the past three years BP cut costs by $4 billion in cash at corporate level. The 7,500 job cuts impacted all of BP’s business units, not just BP Alternative Energy, as we inaccurately reported. Update: We have been listening …