The head of BP’s alternative-energy said ~ business biofuel and wind are the stars of the field

By Meghan Schiller of Medill News Service

WASHINGTON (MarketWatch) — The head of BP’s alternative-energy business on Tuesday said biofuel and wind are the stars of the field as the firm ramps up its presence.


Katrina Landis, CEO of BP’s alternative energy business, said at a gathering of the Atlantic Council in Washington that the company is ahead of schedule in its investment plans.
BP’s Alternative Energy division began in 2005 with plans to invest $8 billion over a 10-year period. It’s ahead of schedule, having already invested a total of $7 billion, with $4 billion in the United States. BP plans to have invested all $8 billion by the end of the year.




SOURCE : MARKET WATCH THE WALL STREET JOURNAL