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Getting to net zero

We’ve set five aims to get bp to net zero by 2050 or sooner and five aims to help the world get there too

Getting to net zero

In February 2020 we set out our ambition to be a net zero company by 2050 or sooner and to help the world get to net zero. This ambition is supported by 10 aims: five to help us become a net zero company, and five to help the world meet net zero.

We believe that our net zero ambition and aims, taken together, set out a path for bp that is consistent with the goals of the Paris Agreement.

Our net zero targets and aims

Since 2020, we have made the following updates to our aims:

  • For aim 1 we now aim for a 50% reduction in our operational Scope 1 and 2 emissions in 2030 (formerly 30-35%).
  • For aim 2 we are now targeting a 10-15% reduction by 2025 (previously 20%) in the emissions associated with the carbon in our upstream oil and gas production and are aiming for 20-30% reduction by 2030 (previously 35-40%).
  • For aim 3 we are aiming to reduce to net zero the average carbon intensity of sold energy products by 2050 or sooner (previously a reduction of 50%). For 2030 we are aiming for a 15-20% reduction in the lifecycle carbon intensity of these products (previously >15%). We also expanded aim 3 to include physically traded energy products.
  • Our aim 5 is now aligned with our transition growth engines. This means we expect to invest more than 40%, or $6-8 billion of our capital expenditure in transition growth engines by 2025 and around 50% by 2030 – or $7-9 billion.

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