By Sam Fleming
8th November 2008
When it comes to going green, BP's policy appears to be a case of 'Beyond Britain'.
The UK's pre-eminent energy company yesterday confirmed it has shelved plans to invest in wind power or carbon-capture technology in this country.
Instead, BP's wind investments will be targeted on the US, where there are opportunities for greater economies of scale because of the sheer amount of empty land.
It could boost its US onshore wind capacity to as much as 15,000 megawatts, but it has ditched plans for a modest facility at the Isle of Grain.
Meanwhile, BP has backed out of a UK government-led contest to build a power plant that strips out carbon dioxide emissions and pumps them underground.
The firm could not put together a winning consortium within the timescale required.
A spokesman said: 'We told the government we will not be taking our participation in this project forward.'
BP has no UK solar manufacturing capacity. Its renewables commitment is currently confined to a £250million bioethanol plant being built with Associated British Foods.
BP shares rose 22p to 515p.