FT Energy News 26th October

Green bank plan to make spring debut (Page 2)

Full details of the coalition’s plan for a green investment bank will be set out in the spring of next year. Additional funds to the £1bn will be made available to the bank from asset sales.

Go-ahead for wind energy to generate 70,000 jobs (Page 2)

David Cameron has said £60m of spending earmarked for upgrading British ports to make them suitable for handling large offshore turbines would go ahead, resulting in 70,000 ‘green jobs’.

BP to sell four Gulf of Mexico fields (Page 20)

BP has agreed to sell its interests in four deepwater fields in the Gulf of Mexico to Japan’s Marubeni Oil for $650m as part of a move to cut its capital spending and rebalance its portfolio of assets in the wake of the Macondo oil spill disaster.

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