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BP Invests a Few Minutes

by Andrew McCaskey
The item on Verenium’s infusion of $90Million in capital from BP Oil makes a fine news story, and there is a very well done web site at the company. However, I have to wonder how serious all this is - or if it is just a little window dressing PR to try and buy down some of the negative publicity from recent earnings statements on the oil industry.

I am not sure how BP is doing, but Exxon-Mobil’s earnings were something like $500,000 in profit during the time that it took to fill my gas tank.

US News reports that it’s around half a day’s profits for Exxon Mobil - so I don’t imagine that BP takes much longer to ring up enough cash to spread some around.

Let’s just hope that it does some good, and that Verenium has something else besides a flashy web site.

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