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November 30, 2005
BP Invests in alternative energy
Oil giant BP PLC announced this week that it will make future investments into alternative-energy projects through a new business unit, BP Alternative Energy. The company expects to invest as much as $8 billion in alternative-energy projects, including solar, wind, hydrogen and carbon-abatement technology, over 10 years.
As oil reserves deplete and low fuel burning hybrid vehicles enter the global market major all companies have stepped up their efforts in alternative energy initiatives.
Posted by admin at November 30, 2005 06:53 AM