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BP makes $1.1B investment in offshore wind

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British petroleum giant BP is investing in offshore wind to the tune of $1.1 billion.

The funding is for a 50% stake in Equinor’s Empire Wind and Beacon Wind assets located offshore in Massachusetts and New York.

"Offshore wind is growing at around 20% a year globally and recognized as being a core part of the world’s need to limit emissions," said BP CEO Bernard Looney.

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