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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.

Trees are one of the greatest gifts of Nature.

They provide a habitat for wildlife, create shade and help circulate cool air, and counteract the greenhouse effect.

Trees absorb CO2 from the atmosphere, water and nutrients from the land, and combine these with solar energy to create the building blocks of organic matter. The carbon is stored in the wood.

The life of a tree is a cycle, and when it dies the wood decomposes and much of its carbon is released back into the atmosphere. Even part of the solar energy that was absorbed during photosynthesis will be released by burning.

For this reason, we need to manage the life cycle of trees and use them as permanent storage for CO2 and solar energy. We illustrate this with our animation of the tree cycle.

Trees grow fastest in the tropics, and at any other latitude the growth is slower and therefore less efficient at capturing carbon.

A tropical tree will grow during the first 40 to 50 years of its life, and during this time it will capture approximately one tonne of CO2.

Beyond that time, the capture of CO2 is a law of diminishing returns and the best course of action is to remove it and plant a new one.

The new tree will begin a new cycle, and act as an efficient storage of carbon and solar energy. Its predecessor’s carbon is locked away in the wood and it will be used to make timber products such as furniture and paper.

A managed tree cycle is an efficient sink of CO2 that can function indefinitely, at the same time producing enough to support the local communities who manage them.