As BP sees the light in solar, oil is becoming a darker stain for investors

Michael Holder
clock • 4 min read

BP's $200m Lightsource injection may be a drop in the ocean for the UK oil giant, but it demonstrates growing recognition of the risks of fossil fuels

Remember 2011? Back in those ancient days of the green economy, BP decided to cut its losses and exit the solar market, writing down billions when its PV panel business struggled with competition from...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

'Climate action is still a winning proposition in Canada': Mark Carney secures landmark Canadian election victory

Jaguar Land Rover claims £100m boost from reuse and refurbishment drive

More on Energy

CCC boss urges government to 'make electricity as cheap as possible'
Energy

CCC boss urges government to 'make electricity as cheap as possible'

Emma Pinchbeck tells Innovation Zero that UK has a critical role to play in the new ‘age of electricity’

James Murray
James Murray
clock 29 April 2025 • 6 min read
'A no brainer': Why councils are calling for mandatory solar panels on all new homes
Energy

'A no brainer': Why councils are calling for mandatory solar panels on all new homes

Local Government Association proposes series of policy and funding interventions to enable councils to fulfil their role as central players in tackling climate change

Stuart Stone
Stuart Stone
clock 29 April 2025 • 7 min read
China's clean tech manufacturing dominance is still growing - and the implications for global trade will be era-defining
Energy

China's clean tech manufacturing dominance is still growing - and the implications for global trade will be era-defining

A new report from BloombergNEF reveals the true scale of China's dominance of clean tech manufacturing, and asks what it means for a global economy on the brink of a trade war

James Murray
James Murray
clock 28 April 2025 • 9 min read