British Petroleum (BP) has published a new report outlining its strategy to meet increasing energy demands while reducing greenhouse gas emissions.
Titled ‘Advancing the Energy Transition’, the report’s new framework aims to maintain operational emissions at or below 2015 levels until 2025.
BP’s group chief executive Bob Dudley said: “The world is growing like never before, creating opportunities for billions of people. And all this growth requires energy. But as the world demands more energy it also demands that it be produced and delivered in new ways with fewer emissions.
“At BP, we embrace this dual challenge. We have always looked to the future, adapted to change and met challenges like this head-on.
“In this report, we examine how the energy world is changing, set out our low-carbon ambitions and show how we are helping to advance the energy transition.”
In order to achieve the reduction targets, the company is planning to use carbon offset projects and limit methane emissions from its oil and gas business to 0.2%.
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By GlobalDataWithin ten years, BP expects to achieve sustainable reductions of 3.5 million tonnes of annual carbon dioxide (CO2) equivalent greenhouse gas emissions throughout its businesses.
Significant reductions are expected to be generated through the use of new technologies designed to improve energy efficiency.
The company has also implemented ‘Advancing Low Carbon (ALC)’, a new accreditation programme designed to promote low-carbon opportunities.
