eWeek Europe UK: HP Claims Oil Profits Don't Tarnish Green Image

Senior executives from HP's energy and environmental divisions have defended the company's green credentials despite its policy of profiting from fossil fuel production exploration.

Hewlett-Packard is commited to cutting its own carbon emissions, but it is also happy to profit directly from the tools and services it sells to utility companies for fossil fuel production and exploration, said the European chairman of HP's environmental board Klaus Hieronymi at HP's 9th Executive Energy Conference 2009 event in Budapest,

Hieronymi denied that there was any hypocrisy: "I think the oil and gas industries have the same challenges as everyone," he told eWEEK Europe at the event. "I think its an illusion to say that we will reduce our dependency on oil and gas in the next five years. No way. So the challenge is to make sure that we still have the appropriate reserves there and help the oil and gas industry to find more."

Hieronymi's views were reiterated by Douglas Hanson, HP director of Global Energy, who said that fossil fuels would continue to be important for another 20 years.

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