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, […]

Big oil’s timing is always, as ever, impeccable. Just stop and think for a moment. It’s the biggest climate meeting in a decade and you would think that big oil companies would be tripping over themselves to be seen to be green…
However, last week came the news that BP was investing in dirty oil sands […]

Internet search company Google yesterday committed hundreds of millions of dollars to renewable energy projects.
Larry Page and Sergey Brin, Google co-founders, announced its initiative to produce electricity from renewable energy sources rather than coal. Mr Page said: “Our goal is to produce one gigawatt of renewable energy capacity [enough to power San Francisco] that is […]

UK Prime Minister, Gordon Brown is due to give his first major speech on the environment today, raising the prospect of tougher domestic targets on carbon emissions.
He will say action on climate change is urgent, but that new green industries could create thousands of jobs. The BBC reports that it is understood he has been […]

General Motors is to give drivers the chance to try out hydrogen-powered vehicles, although it will help if you are a celebrity. As part of “Project Driveway“, GM will put more than 100 fuel-cell vehicles in the hands of customers before the end of the year.
Ironically, the cars will be based on the Chevrolet Equinox […]