FT Energy News 30 November

China leads clean energy surge (Page 10)

China spent a record amount on its wind power industry in the last quarter. The country’s spending on wind energy in the second quarter of 2010 amounted to about $10bn, or about half of the global total of $20.5bn.

BP commits to develop Canadian oil sands (Page 21)

BP is to fund the first $2.5bn spent on Sunrise oil sands project in northern Alberta in a move likely to provoke further criticism from environmental groups. Canada’s oil sands are second only to Saudi Arabia in terms of proven oil reserves, the company said.


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