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BP should give substance and meaning to "Beyond Petroleum"

Yesterday Tony Hayward announced that he is stepping down and Bob Dudley will be the new CEO from October. It's a perfect moment to reinvent BP and invest in renewables and "Beyond Petroleum", the initiative started by Lord Browne.

Bob Dudley has some background experience in solar and wind, so the appointment could be promising.  

latest news
DECC lays out six possible futures for low-carbon energy

BusinessGreen, 28 Jul 2010

2050 Pathways Analysis illustrates energy supply and demand trade-offs required over next 40 years.

Efficiency key to 80% carbon reduction

Inside Housing, 28 Jul 2010

The coalition government has promised to improve the energy efficiency of homes as part of plans to reduce emissions by 80 per cent by 2050.
U.K. Carbon Calculator Shows 80% Emissions Reduction Is Achievable By 2050

Bloomberg, 28 Jul 2010

The U.K. Department of Energy and Climate Change announced a “carbon calculator” that shows the country’s goal of reducing greenhouse gas emissions by 80 percent in the six decades through 2050 is achievable.
CFTC Approves Green Exchange Application For Designation As A Contract Market

MondoVisione, 26 Jul 2010

Green Exchange LLC (Green Exchange) announced today that its application for designation as a contract market (DCM) has been approved by the US Commodity Futures Trading Commission (CFTC). The Green Exchange filed its DCM application on April 26, 2010.
carbon capture

The effort to mitigate global warming requires removing CO2 from the atmosphere. This is the idea of carbon capture.

Our planet has its own ways to capture carbon. The most efficient one is through vegetation. Living plants and trees capture CO2 from the atmosphere in vast amounts and store the carbon in their cells.

Forests are so efficient at capturing carbon that they are referred to as carbon sinks.

Oceans also capture carbon, and all organic matter is made of carbon-based molecules. CO2 enters the food chain through vegetation and as a result all living beings are part of the carbon cycle.

The carbon cycle is the balance of carbon sinks and carbon sources. Living organisms store carbon and dying organisms release it.

The ideal climate change mitigation would be to create an artificial carbon sink that is more efficient than forests. However it is hard to beat Nature.

There are projects to create carbon capture and storage technology, by extracting emissions from coal-fired plants, compressing them and storing them safely. They are still far from being a plausible and cost-effective reality.

Forests are Nature’s own effective mitigator of climate change.

The carbon capture rate changes during the lifetime of a tree. It increases steadily with age, until it reaches a plateau in old life. A tree never stops absorbing carbon while it is alive.

This would be perfect were it not for the fact that trees in fact release carbon when they die and the wood begins to decompose.

A managed forest must anticipate this and replace trees when they are past full maturity.

This way the carbon is safely stored away in the wood.