According to the Wall Street Journal’s Rochelle Toplensky, BP is buying into wind farms off the coast of New York and Massachusetts in its latest efforts to go green.
- More and more, companies, including oil companies, are investing in ways to reduce their carbon footprint.
- BP has recently announced efforts to lower its carbon emissions. This investment is a practical first step.
“The move is a signal of intent for BP’s low-carbon plans…It gives a real-life example of how the company plans to fulfill its ambition to sell integrated low-carbon power packages to companies and cities—one of the two green businesses it wants to develop.”
Read the full article here.