Environment

BP Invests $3 Billion in Alternative Energy, Targets Wind, Solar, Biomass BP Plc, Europe’s second-biggest oil company, has invested $3 billion in alternative energy globally and is on course to meet its commitment made in 2005 to spend $8 billion, said a company official.

China May Raise Wind Turbine Exports to U.S., Europe, Morgan Stanley Says China may increase wind turbine sales to the U.S. and Europe because of lower domestic demand and an overcapacity in manufacturing, threatening global makers, an official at Morgan Stanley said.

Harvard Finds Kidney Stones, Asthma, Malaria Among Climate-Change Risks Kidney stones, malaria, Lyme disease, depression and respiratory illness all may increase with global warming, researchers at Harvard Medical School said.

Carbon in U.S. Northeast Again Falls to Record Low on Legislative Delays Carbon dioxide permits for power plants in the U.S. Northeast’s “cap-and-trade” program fell to their fifth low in 11 trading days on delays in setting up a national emissions market.

Chinese Solar, Wind Industry Is Ripe for Mergers Amid Glut, Stanchart Says Asia’s renewable business led by China may see mergers and acquisitions because of overcapacity, declining raw material prices and multiple players, an official from Standard Chartered Plc said.

Valero Closes Third U.S. Refinery in Cutback, Petroplus Shuts U.K. Plant Valero Energy Corp. said it will permanently close its Delaware City, Delaware, refinery because of “very poor economic conditions.” The 190,200 barrel-a-day plant is the third U.S. refinery to shutter because of weak fuel demand.

Bloomberg Wind Energy Index