highwaystar101 on 27 June 2009
| mrstickball said: Ah, here we go: http://www.bp.com/assets/bp_internet/globalbp/STAGING/global_assets/downloads/B/bp_first_quarter_2009_results.pdf According to BP's Q1 fiscal results, they only spent 2.1% of capital expenditures on things other than exploration, production, marketing, and refining. Since this is the case, shouldn't you be saying that BP isn't spending enough on R&D as a whole, rather than green tech? From what it looks like, a significant portion of their R&D is spent on renewables, as per your article. |
BP know, as well as many other oil companies, that the race is on to develop more efficient fuels. It makes good sense to invest to be honest.
