BP is looking to a low carbon future, building on activity over many years - from championing emissions trading schemes to launching our alternative energy business
Our actions – from 1997 to 2018
BP’s chief executive, Lord Browne, calls for precautionary action to cut greenhouse gas (GHG) emissions.
- BP sets target to cut emissions from our operations to 10% below 1990 levels by 2010. We met this target in 2001.
- BP pilots an internal emissions trading scheme, helping to demonstrate the viability of emissions trading for the industry.
BP is a founding member of the International Emissions Trading Association.
- BP initiates the CO2 Capture Project with other companies and governments to develop carbon capture and storage (CCS) technology.
- BP partners with Princeton University on the Carbon Mitigation Initiative, set up to find solutions to the carbon and climate problem.
BP begins tracking sustainable GHG reduction activities from our operations.
Tsinghua-BP Clean Energy Research and Education Center launches in China.
BP and partners launch a CCS project at the In Salah gas field in Algeria.
BP launches Alternative Energy business.
BP launches Target Neutral, our carbon offsetting programme for customers.
BP commissions its first wind farm.
- BP and DuPont form joint venture Butamax to develop bio-isobutanol, an advanced biofuel.
- BP begins using a carbon price in investment decisions.
BP becomes the largest operator of Brazil biofuels among our oil and gas peers.
BP starts participating in the Oil and Gas Climate Initiative.
- BP signs up to the World Bank Zero Routine Flaring by 2030 initiative.
- BP joins the Climate and Clean Air Coalition’s Oil and Gas Methane Partnership.
- BP starts up Zhuhai 3 petrochemical plant, delivering 65% lower GHG emissions than comparable plants.
BP is the world’s first supplier of commercial jet biofuel using existing infrastructure at Norway’s Oslo airport.
- BP signs up to the Methane Guiding Principles, with seven peer companies.
- BP partners with Lightsource to develop and manage large-scale solar projects.
- BP becomes a founding member of the Climate Leadership Council, a US group pushing for carbon pricing.
- BP, via its Butamax joint venture, acquires an ethanol plant in Kansas in the US to commercialize bio-isobutanol.
BP introduces Advancing Low Carbon accreditation programme.
BP sets targets for sustainable GHG reductions and methane intensity.