BP Tries to Clean Up Its Image Written By: Miranda Marquit 2007-07-09 13:05:54 BP (BP) is not particularly popular in Alaska right now. As the main Big Oil company with interest in the Prudhoe Bay, the largest oil field in the U.S., it is vital that BP clean up its image. A series of partial closures (including one due to a massive pipeline leak last year), and other issues have been marring BP's reputation. Not only are image problems looming for BP, but other issues could also arise. Oil taxes may go up in Alaska, and BP is joining Exxon (XOM) and ConocoPhillips (COP) to discourage a natural gas pipeline suggested by popular Alaska governor Sarah Palin.
Chevron (CVX) Invests in Solar Energy Technology Written By: Miranda Marquit 2008-05-27 11:40:52
For the most part, Big Oil is hesitant to embrace alternative energy, preferring instead to push for more drilling. For some, however, it appears that the industry is seeing the writing on the wall. Even Big Oil execs know that the days of fossil fuels may be numbered. As a result, Exxon (XOM) is heading into the business of hybrid car batteries, BP (BP) is investing in jatropha and Chevron (CVX) is looking into solar energy.
