BP, the oil and gas giant capitalised at £62 billion ($122 billion) on the London Stock Exchange, is hunting for ways to cure its $US24 billion ($37 billion) debt load. And its executives have decided its Australian renewables portfolio offers a small, but easy, fix.
Lightsource BP’s Wellington Solar Farm.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
