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Policy and advocacy

Our aims 6 and 8 focus on more actively advocating policies that support net zero and aligning our relationships with trade associations and setting new expectations for our relationships with trade associations
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Political donations

We prohibit the use of bp funds or resources to support any political candidate or party. We recognize the rights of our employees to participate in the political process and these rights are governed by the applicable laws in the countries where we operate. Our stance on political activity is defined in our code of conduct.

 
In the US we provide administrative support for the bp employee political action committee (PAC), which is a non-partisan committee that encourages voluntary employee participation in the political process. All bp employee PAC contributions are reviewed for compliance with federal and state law and are publicly reported in accordance with US election laws.

 

The bp employee political action committee has paused all contributions for six months as of January 2021. During this time the PAC will re-evaluate its criteria for candidate support.


Advocacy and lobbying

Aim 6: advocating 

 

Our aim 6 is to more actively advocate for policies that support net zero, including carbon pricing.

We co-operate and engage with governments, regulators and legislators in the development of proposed policies relevant to our business. These policies can affect us in a wide range of areas – from tax and employment issues to safety or the energy transition. This co-operation and engagement may include direct lobbying on specific policy proposals by our own employees, through broader advocacy via research work or supporting think tanks, to communications activities and advertising. 


We believe that ambitious climate policies will be essential to enable the world to meet the Paris climate goals, including achieving global net zero greenhouse gas (GHG) emissions. In our aim 6 we have publicly stated our aim to more actively advocate for policies that will support net zero, including carbon pricing.

 

Our high-level public policy positions

In February 2021, the Climate Action100+ investor initiative issued the Climate  Action 100+ Net Zero Company Benchmark. bp welcomes the benchmark as an important transparency initiative. One of the indicators in the benchmark (Indicator 7) is related to Climate Policy Engagement and specifically to companies’ positions on a number of specific areas of climate policy. In recognition of investor interest in this matter, we set out bp’s high-level public policy positions in response to those specific areas of climate policy in the document below. These do not seek to be comprehensive.

Our advocacy activities

We’re supporting well designed carbon pricing in the US. For example, on the east coast we’ve ‎actively advocated for the Transportation and Climate Initiative (TCI) since 2019. TCI took a step ‎forward in 2020, when the governors of Connecticut, Massachusetts and Rhode Island, together with ‎the mayor of the District of Columbia, signed a memorandum of understanding, while several other ‎states signed letters committing to further consideration of the initiative. ‎TCI puts a price on the largest source of greenhouse gas emissions on the east coast and aims to ‎reduce them by 20-25% across the region, while also creating jobs, boosting the economy and ‎modernizing infrastructure TCI could be implemented from January 2022 onwards as states complete ‎their own rulemaking and pass legislation. ‎In addition to TCI, we have supported other initiatives in the US, including:

 

  • The Regional Greenhouse Gas Initiative (RGGI) – we publicly advocated for Virginia to join RGGI and ‎were pleased when the governor signed that bill into law in 2020. We’re now encouraging ‎Pennsylvania to join 11 other nearby states to benefit from the programme.
  • Comprehensive clean energy legislation in Illinois – we have publicly supported the governor’s ‎principles and advocated with legislators for a comprehensive bill that includes a well designed ‎carbon price and encourages renewable energy and private investment in electric vehicle ‎infrastructure. We also helped develop and support Senate Bill 2005 to accelerate carbon capture ‎use and storage projects in the state. Elsewhere, we have supported several net-zerorelated policies, ‎for example:
  • European Economic Recovery Plan – we publicly supported the European Commission’s proposal for ‎the Economic Recovery Plan, linking recovery funds to climate plans.
  • European Commission 2030 climate target – we publicly support the European Commission’s ‎proposed 2030 climate target and its overall target to achieve climate neutrality in the EU by 2050.
  • Supporting net zero in the UK – in 2020, Bernard Looney spoke out publicly in support of the ‎accelerated phase out of internal combustion engines in cars and vans, and strongly supported the ‎Prime Minister’s vision for the UK to lead a green industrial revolution, build back better, and reach ‎net zero by 2050.
  • Carbon pricing in Washington State – bp is strongly advocating for carbon pricing in the state, ‎including Senate Bill 5126, which, if passed, would create a cap-and-invest program for the state.
  • Establishing business models for CCUS in the UK – we are working with national, regional and local ‎government to help establish the right business models for the successful development of carbon ‎capture, use and storage (CCUS), including the Net Zero Teesside project where we are the operator. ‎
  • Tangguh CCUS in Indonesia – working with the government, we have just completed the feasibility ‎study to develop the first large CCUS project in Tangguh LNG, Papua Barat.

 

We’re also working in cross-industry initiatives and partnerships to promote policies that support net ‎zero, such as the NCS Alliance, the Carbon Pricing Leadership Coalition, and the Taskforce on Scaling ‎Voluntary Markets. ‎

 

Trade associations

Aim 8: aligning associations

 

Our aim 8 is to set new expectations for our relationships with trade associations around the globe.

We belong to industry associations that offer opportunities to share good practices and collaborate on issues of importance to our sector; from contributing to the development of equipment, operating and safety standards through to working with regulators, knowledge sharing and professional development.

 

In February 2020 we announced our aim 8, to set new expectations for our relationships with trade associations around the globe. We will make the case for our views on climate change and we’ll be transparent where we differ. And where we can’t reach alignment, we will be prepared to leave. We also published our first Trade Associations review. As a result of this review, we left three associations that we deemed to be not aligned with our views on climate, and our CEO wrote to the others in scope to explain our support of the Paris Agreement, our net zero ambition and our support for transparency.

Building on last year’s review, in 2021 we provided an update on the progress made by the five partially aligned associations. We were encouraged by the progress we’ve seen in these associations. They have moved on important issues such as support for the Paris Agreement, regulation of methane, carbon pricing and the role of climate science. And, as part of our ongoing pursuit of transparency, this progress update includes a list of our 66 most significant memberships as determined by fees paid.
Trade associations: differing views

 

We understand that positions taken on any topic by a trade association are often a compromise or majority view, arrived at through their individual decision-making processes, with the potential for widely differing views among their membership. Consequently, we may share our perspective on emerging policy themes with a specific trade association, but as one member among many, we do not expect to dictate what they write or say.


We monitor our memberships of associations, and the positions they take. Where our views cannot be reconciled, we may share details here.