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BP Chief Signals Renewables Profit Drive
Headlines
BP Chief Signals Renewables Profit Drive
TIMES ONLINE - 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. The Alternative Energy unit, which comprises BP’s solar cell manufacturing, wind power, hydrogen and bio-mass ventures, was “worth between $5 billion and $7 billion”, Mr Hayward said.
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