PetroChina Eyes Wind and Solar After $38 Billion Pipe Bounty (3)

摘要

China’s biggest oil company plans to use some of the $38 billion it will receive for selling its pipelines tostart new businesses focusing on wind and solar power.PetroChina Co. will use some of the proceeds for a “transformational development of the company to agreen and low-carbon model,” Wei Fang, head of investor relations, said in an emailed statement. Themoney will also go toward dividends, debt repayment and spending on its oil and gas business, he said.