Tony Hayward, BP’s chief executive, yesterday gave the market a strong signal that he wants to realise value from the company’s loss-making investments in renewables.
BP has invested billions of dollars in solar energy over the past decade but the business still does not deliver a profit.
The Alternative Energy unit, which comprises BP’s solar cell manufacturing, [...]

The day before the Exxon Valdez case makes it to the Supreme Court, Exxon is in court again, this time in a federal court in San Francisco. Exxon, BP and seven oil companies are all being sued by a tiny native Alaska village that is eroding into the Arctic Ocean.
The Alaska native village [...]

Although Nigeria passed legislation last year establishing an independent body the to make sure that oil majors pay the necessary royalties and taxes, anti-corruption activists are saying the law is not strong enough to fully clean the industry.
Under the law – the Nigeria Extractive Industries Transparency Initiative (NEITI) - oil companies are required to disclose [...]

Interesting op-ed from a Silicon Valley newspaper by the CEO of Akeena Solar, which calls itself America’s leading solar installer.
The CEO, Barry Cinnamon, argues “This week the House of Representatives will vote on the Renewable Energy and Energy Conservation Tax Act of 2008. This act would eliminate $18 billion in tax breaks for oil companies [...]

When the Exxon Valdez ploughed into Bligh Reef in 1989 causing one of the greatest environmental crimes of the last century, I remember someone saying “lawyers not yet born will work on this one”. And so that prediction has nearly come to pass.
Five years after the spill a federal jury in Alaska ordered Exxon to [...]