BP drops solar division after 40 years of operations

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When the Going Gets Tough, BP Runs…

While it is well-known that the solar industry is highly cyclical, the general trend is definitely in an upward direction, with rapid double-digit yearly growth in production capacity and plenty of money to be made by the smartest players (both Warren Buffett and Google have recently invested in solar power). But apparently, when the going gets tough, BP cuts and runs. After 40 years of existence, now that solar power is more necessary than ever, the giant oil company has decided to drop its solar division. So much for ‘Beyond Petroleum’, a recent BP slogan, eh?

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