BP Forms BP Alternative Energy
Energy Journalist "BP today announced that it plans to double its investment in alternative and renewable energies to create a new low-carbon power business with the growth potential to deliver revenues of around $6 billion a year within the next decade. Building on the success of BP Solar -- which expects to hit revenues of $1 billion in 2008 -- BP Alternative Energy will manage an investment program in solar, wind, hydrogen and combined-cycle-gas-turbine (CCGT) power generation, which could amount to $8 billion over the next ten years."