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.