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Archaea Energy to be Acquired by British Petroleum

10/24/2022

Archaea Energy a developer biogas technology to produce methane from livestock waste is the target of a $4.1 Billion bid by British Petroleum (BP).  In a statement accompanying the release, BP points to “significantly increases bioenergy activities and will further energy activities in progress towards achieving carbon neutrality”.  Production of biogas diverts atmospheric release of methane, a potent greenhouse gas.  Use of methane as a fuel is beneficial to the environment and reduces the cost of production when recycled, contributing to sustainability.