Founding Member of FormIGA – the global Industry for Good Alliance

BP prioritises gas and oil as it places its US wind power business up for tender

4 Apr 2013 12:00 AM | Anonymous

BP is looking to sell its U.S. wind farm business, putting up 16 farms up for sale as it renews its focus on gas and oil services.

BP have in previous years moved away from other ‘green’ technologies, eliminating carbon capturing technology in 2008.

The move to sell its wind operations places a significant dent in the energy giant’s renewable energy division, representing a departure from the company’s attempts to be seen to be moving away from traditional fuel sources.

Ironically the sale of BP’s wind farms is lightly to fund the cost of raising around $38 billion to fund costs relating to the Gulf of Mexico oil spill which resulted in the deaths of workers and created a major environmental disaster.

A BP spokesman said: “"BP has decided to market for sale our US wind energy business as part of a continuing effort to become a more focused on oil and gas company and reposition the company for sustainable growth into the future.”

BP banned from future US contracts

Powered by Wild Apricot Membership Software