BP To Sell All U.S. Wind Farms, Re-Focus On Oil And Gas

[n2doc]

By James A. Foley
Apr 03, 2013 04:51 PM EDT

Energy company BP is folding part of its hand in sustainable energy in the U.S. after declaring that it will sell its entire stake of U.S. wind farm operations, according to media reports.

The move is an effort to "position the company for sustainable growth" that will result in BP's continued investment in oil and gas production.

As Reuters put it, the sale marks the continued retreat of big oil companies from renewable energy investments as oil and gas projects offer bigger returns.

"For BP, this effort represents another example of prudent and active management of our global portfolio, consistent with our pledge to unlock more value for shareholders," the company said in a statement to CBS News.

more
http://www.natureworldnews.com/articles/1195/20130403/bp-sell-u-s-wind-farms-re-focus-oil-gas.htm

[SoCalDem]

1. No surprise here

Buy the "competition"
Pretend to be interested in running the facilities
Underfund the process
Sell them
Remind everyone who will listen, that they were ineffective, unsustainable and worthless to society

Rinse & Repeat

[progressoid]

2. It's all about $$$$$.

Fuck em.

[truebluegreen]

3. Fuck "Beyond Petroleum". nt