BP PLC's (BP.LN) Russian joint venture TNK-BP Holding (TNBP.RS) plans to spend more than 3 billion rubles ($88 million) on environmental protection in Russia this year, Russian news agency RIA Novosti reports Wednesday, citing the company's vice president for health, safety and environment.
"We believe we invest a substantial amount in environment protection, but we as a corporate citizen are not indifferent to how nature is protected in Russia," Yevgeny Bulgakov is quoted as saying, adding that spending on environmental projects will be higher than last year.