There are other oil behemoths too, which h
ave initiated the much desired step towards accelerating the time-limit set for potential usage of bio-fuels and replacing the dreaded, polluting fossil-fuels with renewables like hydro, wind, solar energies et al. Chief of the lot being the $233.3 billion British oil giant BP, which is now popular as Beyond Petroleum! BP has announced a walloping $8 billion in investments evenly spread over a decade till 2015 to its alternative energy division, which currently has wind, solar & hydrogen power on its list. Most encouragingly, the Briton expects its revenues from solar business to touch a rollicking $1 billion in 2007, perhaps only proving why Exxon ‘should have carried-on’ its quest for alternatives twenty years back!
For Complete IIPM Article, Click on IIPM Article
ave initiated the much desired step towards accelerating the time-limit set for potential usage of bio-fuels and replacing the dreaded, polluting fossil-fuels with renewables like hydro, wind, solar energies et al. Chief of the lot being the $233.3 billion British oil giant BP, which is now popular as Beyond Petroleum! BP has announced a walloping $8 billion in investments evenly spread over a decade till 2015 to its alternative energy division, which currently has wind, solar & hydrogen power on its list. Most encouragingly, the Briton expects its revenues from solar business to touch a rollicking $1 billion in 2007, perhaps only proving why Exxon ‘should have carried-on’ its quest for alternatives twenty years back!For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
