Oil giant BP to exit the solar sector as numbers fail to add up

Recharge ^ | December 20 2011 | Andrew Lee

[Doogle]

duh

[mylife]

Imagine that.

[sagar]

Of course. The nature can take care of itself. Pollution is overrated, scared tactics anyway.

See how “devastated” the gulf is now?

[headstamp 2]

Exiting a boondoggle.

[buffaloguy]

Beginning of the end for solar.

[DBrow]

Did we cut solar subsidies to BP? That alone could do it.

[Navy Patriot]

But, but,....

[Vendome]

I’m stunned by this unexpected outcome.

[matt04]

BP trying to kill the polar bears and melt the glaciers screams coming from MSNBC in 3...2...1

[FlingWingFlyer]

The enviroloonies’ “alternative energy” thing doesn’t seem to be working out.

[Calvin Locke]

In other news, BP, “Beyond Petroleum”, is changing its name to BTP, and hence, “Back To Petroleum”.

[Uncle Ike]

Any idea as to how many millions (billions?) of dollars in Green Subsidies BP accepted (and presumably flushed down the hole) from the US and others (BP is a *British* corporation, with strong ties to the EU) before packing it in??

[massgopguy]

I worked at Solar Power Corporation of America in 1982. It was a subsidiary of Exxon. The only reason it existed was to make the panels for the AramCo pipeline.

[oyez]

commoditised- no dictionary results

I guess they mean to commodify or make a commodity of solar. Not difficult where people will work for peanuts.

If BP had been in favor with The Administration they would have been showered with cash to support their solar whatever.

[TribalPrincess2U]

So they have seen the error in their ways.

[thackney]

I don’t think the US has yet, but some other countries have begun to see the light.

http://www.google.com/search?q=solar+subsidies+cut&rls=com.microsoft:en-us&ie=UTF-8&oe=UTF-8&startIndex=&startPage=1#q=solar+subsidies+cut&hl=en&rls=com.microsoft:en-us&prmd=imvnsu&source=lnms&tbm=nws&ei=VufwToupAubQ2wW0seWqAg&sa=X&oi=mode_link&ct=mode&cd=5&ved=0CBcQ_AUoBA&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=c9a5e542d2eadacb&biw=1680&bih=861

[trebb]

Solar power is great for watches and calculators, but not so much for anything that needs reliable and consistent oomph.

[Leep]

where do the greenie weinies go from here? Do they claim we didn’t spend enough money?
Perhaps, perpetual motion?

[Abathar]

"BP’s interests in other clean-energy sectors, prominently wind and biofuels, are unaffected, says the spokesman."

In other words the subsidy money hasn't dried up completely in these areas yet...