Information on our low carbon ambitions

Zero net growth in our operational emissions out to 2025

To ensure that as our business grows, our carbon footprint does not, we’ll offset any increase in our operational greenhouse gas (GHG) emissions above 2015 levels that’s not covered by our sustainable reductions activity. 

• We have chosen the end of 2015 as the baseline year, to align with the adoption date of the Paris agreement. 
• We include Scope 1 (direct) GHG emissions in this metric for the calendar years 2016 to 2025 inclusive. 
• This target applies to emissions within our operational control boundary. That’s because this is where we have the highest degree of control.
• We adjust the baseline to account for any qualifying changes to the bp group structure or portfolio and for any changes to the methodologies we use to determine our GHG emissions.

3.5 million tonnes of sustainable GHG emissions reductions by 2025

Our operating businesses aim to deliver this through improved energy efficiency, fewer methane emissions and reduced flaring – all leading to permanent, quantifiable GHG emissions reductions.

We only count a sustainable emissions reduction in the year it occurs, but we expect the benefit of the reduction to continue in later years too.

• We have chosen the end of 2015 as the base year, to align with the adoption date of the Paris agreement.

• We include Scope 1 (direct) and Scope 2 (indirect) emissions in this metric for the calendar years 2016 to 2025 inclusive.

• This target applies to emissions within our operational control boundary. That’s because this is where we have the highest degree of control.
  

For more information, see Reducing emissions

Targeting a methane intensity of 0.2%

This target refers to the amount of methane emissions from bp’s upstream oil and gas operations as a percentage of the gas that goes to market from those operations. Our methodology is aligned with that of the OGCI.

• This target applies to methane emissions within our operational control boundary. That’s because this is where we have the highest degree of control.
• We include Scope 1 (direct emissions) in this metric.
• Methane emissions from non-production activities, such as exploration drilling, are excluded.

Provide lower emissions gas
 

We are pursuing or considering lower emission opportunities across the various stages of the gas value chain. This could include: 

• Production – efforts to reduce methane leakage and flaring, improve energy efficiency and advance carbon capture, use and storage.
• Supply – ways to lower the ‘fugitive’ and combustion emissions during the transportation and use of gas.
• Our products – investment into products such as biogas, which is renewable gas from food and agricultural waste, and hydrogen.
  

Develop more efficient and lower carbon fuels, lubricants and petrochemicals

We are improving our products to help consumers lower their emissions. We provide customers with fuel for transport, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging.

Many of our products and services have been accredited with our Advancing Low Carbon programme.

For more information, see bp.com/advancinglowcarbon

Grow lower carbon offers for customers
 

We have carbon offsetting programmes to enable individuals and business customers reduce their carbon footprint.

We’ve developed more than 20 carbon neutral products and services through the use of advanced technology and our Target Neutral offsetting programme.

We’re also looking at ways to help our national partners navigate the energy transition – through our natural gas, renewables, solar and offsetting businesses.

For more information, see bp.com/targetneutral

Expand low carbon and renewable businesses
 

bp has been in the renewables business for more than 20 years – we’re one of the largest operators among our peers and we’re expanding our renewables business as we see more opportunities. Our focus areas are biochemicals, biofuels, biolubricants, biopower, wind and solar.

We also plan to invest around $200 million every year to develop options for new lower carbon businesses across five areas that are core to our strategy for advancing the energy transition: advanced mobility; bio and low carbon products; digital transformation; and low carbon power and storage. 

For more information, see Creating low carbon businesses

$500 million invested in low carbon activities each year

Our near-term plan is to allocate at least $500 million a year for low carbon ventures and renewables.

The $500 million includes the $200 million for low carbon solutions, with the balance going towards our renewables businesses and acquisitions. This does not include money spent on operational emissions reduction activities and research into more efficient products and operations. 

Collaborate and invest in OGCI’s $1 billion+ fund for research and technology

The Oil and Gas Climate Initiative  – currently chaired by our group chief executive Bob Dudley – brings together 13 oil and gas companies to increase the ambition, speed and scale of the initiatives undertaken by its individual companies to help reduce manmade GHG emissions, in particular from the production and use of oil and gas in power, heating, industry and transport. 

For more information, visit www.oilandgasclimateinitiative