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James Turner

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BP's 21st Century Strategy? Go Backwards.

Posted: 12/26/2011 12:50 pm

We shouldn't be surprised that BP has ditched its solar division to concentrate on its core business of pumping oil from increasingly risky areas of the earth. We all knew, deep in our hearts, that this company's love affair with alternative energy was never more than a casual flirtation.

By Autumn 2010 the writing was on the wall. Katrina Landis, given the unfortunate job of heading up BP's alternative energy division, said at the time that "you simply cannot compete with China's ability to produce PV panels that have the quality required to satisfy Western customers." For a company that prides itself on finding ways to beat the competition through innovation and engineering excellence, this is a rather humbling statement.

What BP did this week is to admit that it will play no part in what is likely to be the defining energy source of the 21st century. That's quite an admission of defeat. It's like Google deciding in 2004 to stick with just search engines, because Microsoft had already nailed the whole email thing. While other companies -- including Google itself -- place big bets on solar as the growth technology of the future, BP is content to sit at the smoky table in the corner, counting old chips.

So why is BP turning its back when others are piling in? What's the smart, forward thinking new strategy that will take us all by surprise? Pathetically, there is none. Batten down the hatches, ready the drills and make billions for a couple more decades. Develop insanely complex ways of extracting oil from places like the tar sands of Canada, ultra deep water wells in Angola, or perhaps the Arctic. Leave the breakthroughs in clean technology, the electrification of the rural poor, the corporate leadership on climate change to someone else. Make hay while the sun shines, even if that means wrecking the climate in the process.

This would all be fine (well, at least slightly more palatable) if their public messaging began to adapt to reflect this grim reality. If the green 'sunflower' began to slowly be eclipsed by a dark shadow, then we might at least begin to understand what their real values are. I wouldn't hold your breath.

A couple of years ago a colleague and I from Greenpeace UK presented the company with the world's first annual "Emerald Paintbrush" award, to celebrate their breathtaking audacity in the field of corporate greenwash. This giant oil company continues to tell us it is serious about climate change and clean technology. After the latest meek surrender, even fewer will listen.

 

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We shouldn't be surprised that BP has ditched its solar division to concentrate on its core business of pumping oil from increasingly risky areas of the earth. We all knew, deep in our hearts, that th...
We shouldn't be surprised that BP has ditched its solar division to concentrate on its core business of pumping oil from increasingly risky areas of the earth. We all knew, deep in our hearts, that th...
 
 
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11:03 AM on 12/27/2011
Hot off the press in today's Wall Street Journal: "Dark Times Fall on Solar Sector".

http://online.wsj.com/article/SB10001424052970204552304577117140511996840.html?KEYWORDS=dark
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ILoveFiction
That's unbelievable!
12:42 PM on 12/27/2011
Growing like a weed. Sounds dismal.
01:06 PM on 12/27/2011
No growth expected next year. Once the subsidies are dropped, it drops. Europe, in particular, is slashing the subsidies. Can't afford them.
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HUFFPOST SUPER USER
Michael D Ballantine
Former Presidential Candidate - Amer Elect 2012
10:34 PM on 12/26/2011
The truth is there is plenty of oil and it looks like the price is going up if one assumes there will be war in Iran. With the costs of the Horizon Oil Spill BP has to cut its loss making divisions, that is what corporations do. To add insult to injury, the Chinese as playing mercantilists and subsidizing their PV makers to force western PV makers to sht-down.

We need to ask ourselves is the world really better off with only one supplier of PV equipment, China? Or, should we be promoting through subsidies and tariffs national providers of PV equipment and support them as they too build economies of scale. If PV equipment were the only industry threatened, one might look the other way but this is a full-scale assault, one might even call a trade-war.

It's time to say enough, we need to support American PV makers and American manufacturers against a Chinese assault. We need to take control of our future in alternative energy, not delegate it to the Chinese.
10:14 PM on 12/26/2011
No one is making money in solar energy and the only people who can print money to pour it into ratholes is the US government -- and there is a limit and peridically awkward Solyndra moments in doing that.

You, personally, and Greenpeace, as an organization are free to pursue solar to your heart's content. Perhaps you could tap your members for equity capital and buy BP Solar instead of sermonizing. Put some money where your mouth is.
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intolleft
ObamaCare...getting you shovel ready
08:56 PM on 12/26/2011
Inefficient, unreliable, uneconomical.
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StephenBP
What's he building in there?
10:37 AM on 12/29/2011
As opposed to climate destabilizing, and civilization destroying.
I’ll chose inefficient, unreliable, and sustainable thank you. The unecomonical term only applies if you ignore future damages.
07:49 PM on 12/26/2011
Smash and grab economics.
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Frank-Landfield
01:45 PM on 12/26/2011
i've seen their solar trash cans in operation.
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Frank-Landfield
01:44 PM on 12/26/2011
Of course