Getting your player ready...
BP Plc’s decision to halt U.S. output of solar panels may help short-circuit President Barack Obama’s plan to create thousands of jobs in renewable energy.
BP, Europe’s second-largest oil company, said Friday it’s stopping manufacturing at its Frederick, Md., solar plant and cutting 320 jobs because of high costs and declining panel prices. The announcement came seven weeks after London-based BP said the division that includes solar and wind power was losing almost $183,000 an hour.
