Recently, Vivienne Cox, BP's
Executive Vice President
and CEO of Gas, Power and
Renewables and Shipping gave a
speech entitled: 'The Business Case
for Low Carbon Power - An
International Perspective.'
Her speech was given at the
Energy Institute, New Delhi, India
and discussed what BP is doing
around the world, focussing in
particular on BP Alternative Energy
and the generation of power from
low carbon sources such as solar,
wind, gas and hydrogen. She also
discussed BP's activities in India, in
particular, Tata BP Solar, the joint
venture formed with Tata nearly
two decades ago.
The speech:I am delighted to be back in India.
It is a great opportunity to learn
more about what is happening
here as well as to explain what BP
is doing around the world.
In explaining our work, I'll focus
on my own business, BP Alternative
Energy, which is dedicated to
generating power from the low
carbon sources of solar, wind, gas
and hydrogen.
Alternative Energy is of course
part of the wider BP Group which
has nearly 100,000 people in over
100 countries.We produce oil and
gas at a rate of nearly four million
barrels a day and we are constantly
looking to play our part in creating
a sustainable energy industry
which is strong in energy efficiency
and low-carbon products
Someone asked me recently if the
BP Alternative Energy business was
a real commercial venture or
simply a public relations exercise.
My answer was to point out
that we plan to invest more than
$8 billion in Alternative Energy
over the next decade - so it would
be an extremely expensive
publicity stunt! The truth is that this is not
public relations. It is a significant
business. It exists because there is
a strong business case for low
carbon power - one that gets
stronger every day. That business
case is about responding to the
need for energy:
?? That is sufficient to meet
people's needs
?? That is local and secure
?? And that is also clean and
environmentally-friendly.
Dr Manmohan Singh, Prime
Minister of India, recently set out
his aspiration by saying, "If we are
able to eliminate poverty, provide
gainful employment to all and do
this while protecting the
environment, we would
have shown a new path to
sustainable development."
For me, that is exactly the kind
of vision to inspire the world of
business.We have to find ways to
address each of those needs.
So, I want to explain why our
business exists, what we are doing
and what we plan to achieve in the
next decade or so. To do that, I will
cover four things:
....CONTD
