BP moves along the sustainable road – slowly but surely

BP has reported that it is making progress on reducing emissions, recording 2.5m tonnes of sustainable reductions since the beginning of 2016, towards its target of 3.5m tonnes by 2025 and reducing overall emissions despite increases in oil and gas production of 3 per cent.

With the pay of 36,000 employees now linked to the progress against sustainable emissions reduction targets, BP is positioning itself as a cleaner, if not fully sustainable, energy company. In its latest Sustainability Report, it notes that it has introduced $100m fund to implement projects that can deliver new emissions reductions in its upstream business.

Susan Dio, the chairman and president of BP America, writing in the Houston Chronicle has even called for tighter regulations, particularly on methane intensity, saying: “Voluntary actions by several energy companies are not enough to solve the problem.”

BP has also been busy attempting to create commercially viable methods of carbon capture, use and storage (CCUS) by investing in tech firm C-Capture that uses chemicals to remove carbon dioxide emissions from power stations and industrial facilities. BP is currently working with OGCI Climate Investments to help progress the UK's first commercial full-chain CCUS project, the Clean Gas Project.

    Share Story:

Recent Stories