According to CEO Bob Dudley, BP鈥攁.k.a. the company with the tagline “Beyond Petroleum”鈥攊s getting out of the solar-power business. As聽, this is the same BP with the re-branded logo that looks more-than-vaguely like a sun and which, again, began referring to its efforts as “Beyond Petroleum.”
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“We have thrown in the towel on solar,” Bob Dudley said after delivering a wide-ranging speech Wednesday.
“Not that solar energy isn’t a viable energy source, but we worked at it for 35 years, and we really never made money,” he added.
BP, which聽聽it was winding down its solar business last year, says it is still committed to other renewable resources, such as wind power and biofuels production.
BP made … wait for it …聽.