BP won’t pursue Alaska project in current form

Published July 9, 2012 7:38pm ET



JUNEAU, Alaska (AP) — BP PLC has decided not to pursue a huge oil project off Alaska’s coast in its current form.

It’s the latest setback for BP’s Liberty project, and it raises questions about how, or whether, the project will be pursued in the future. BP, at one time, expected initial production to begin in 2011.

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