No New Fail for BP Biofuels With New Sites in Brazil

Remember how BP decided to pass on its fines for not meeting its bioethanol sales quotas onto its customers? It raised prices at the pump so as not to cut into its profit margins. However, the oil giant has apparently taken the lesson to heart – BP just bought the biofuel firm Tropical BioEnergia S.A. in Brazil to the tune of $71 million (American).

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