BP scales down alternative energy unit

British Petroleum P.L.C. (BP) is scaling down its alternative energy operations. BP’s alternative energy office in London has been shut down and its operations moved back to the company’s corporate headquarters in the same city. The company has also accepted the resignation of its alternative energy division’s Managing Director Vivienne Cox, who will be replaced by her former deputy Katrina Landis. BP executives said the company remains committed to exploring new energy sources. (June 29, 2009)