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BP’s head of green fuels to step down
THE CHIEF of BP’s alternative energy division, Vivienne Cox, is to retire at the end of the month as the oil giant scales back its financial commitment to green fuels.
Cox, BP’s most senior female executive, will be replaced by the chief operating officer of the division, Karina Landis. The company has faced criticism over its attitude to alternative energy, despite being ahead of its timetable for pumping $8bn into alternative energy by 2015.
BP has been cutting its spend on alternative energy and is expected to invest between $500m (£311m) and $1bn this year, compared to $1.4bn last year. The firm nailed its colours to the mast under former chief executive Lord Browne, who introduced its “beyond petroleum” slogan.