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BP participation in World Bank flaring reduction initiatives

Flaring reduction initiatives
ALC carbon outcome Furthering research and technology to advance low carbon
Geographic scope Global
GHG saved/offset

N/a - research and technology

Information on methodology and/or basis

During oil production, associated gas is sometimes flared for technical, regulatory or economic reasons. Gas flaring at oil production sites globally is estimated to cause more than 350 million tonnes of carbon dioxide emissions per year.1


The World Bank Group has initiated two key climate collaborations that bring together international and national oil companies, national and regional governments and international institutions. BP contributes to both initiatives, with the provision of funding and technical expertise.


BP was a founding member of the Global Gas Flaring Reduction Partnership (GGFR), which works to increase the use of natural gas associated with oil production by helping to remove technical and regulatory barriers to flaring reduction. We contribute to research, sharing of best practice and developing country-specific gas flaring reduction programmes at our facilities. Our work with Azerbaijan’s national oil company SOCAR was recognized with a GGFR Excellence award. 


The 'Zero Routine Flaring by 2030' initiative brings together stakeholders who recognize that the current level of routine flaring is unsustainable from a resource management and environmental perspective. The group has also agreed to work together to eliminate routine flaring from operated oil assets by 2030. We are participating in this effort and report our progress to the World Bank each year. 

 
http://www.worldbank.org/en/news/press-release/2018/07/17/new-satellite-data-reveals-progress-global-gas-flaring-declined-in-2017