Sunday, May 5, 2013

BP dumps wind power, backpedals on green promises


Oil giant responsible for 2010 Gulf blowout retrenches in fossil fuels.

BP can make more money faster sticking to oil and gas, says Edward Hirs, an energy economist at the University of Houston. "It's a strategic decision. Renewables are not their core business," Hirs told this reporter.

by Stephen Leahy
BP’s decision comes as the renewable sector reaches new heights. Renewable energy sources — water, wind, solar, biomass — account for nearly 15 percent of US electrical generation. Only one new coal power plant has been built in recent years and another 150 planned coal plants have been cancelled.
Nuclear power is increasingly considered too risky and too expensive. While natural gas-fired power plants are booming thanks to low-cost gas.  

2 comments:

Anonymous said...

Seen in the window of the Cape Bee Pee office is Chelsea Horn one of Bee Pee's community organizers, Trieste Associates who has provides perhaps more than a hundred thousand dollars worth of goods and services to the Lyme Cape Voters for Wind. Recently Voter for Wind Gary King told the Watertown Daily Times that Voters for Wind has not ever received any money from Bee Pee.

Anonymous said...

Ms. Horn is the semi-hot daughter of Marion Trieste who gets a lot of money from Bp so she can provide hundreds of thousand of dollars of in-kind services for the Voters for Wind who deny that they get any money from Bp. Maybe one of their jobs might be to fluff the pillows of the Bp Cape Vincent Bp offices so visiting Voters for Wind can feel comfortable. One person I know said that the Bp office might be sorta like Nevada's Cherry Ranch except poor Little Appalachain people can go there for free to get screwed by big wind.