Tag: BP

BP sets ambition for net zero by 2050, fundamentally changing organisation to deliver

Stuart Mitchell

BP has set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero. The ambition is supported by ten aims:  Five aims to get BP to net zero: Net zero across BP’s operations on an absolute basis by 2050 or sooner.  Net zero on carbon in BP’s oil and gas production on an absolute basis by 2050 or sooner. 50% cut in the carbon intensity of products BP sells by 2050 or sooner. Install methane measurement at all…

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Companies join forces to help tackle plastic waste with BP’s enhanced recycling technology

Stuart Mitchell

Leading companies operating across the polyester packaging value chain – including businesses involved in the manufacture, use, collection and recycling of polyethylene terephthalate (PET) plastic packaging – today announced they have formed a new consortium that aims to help to address the problem of plastic waste by accelerating the commercialisation of BP Infinia enhanced recycling technology. BP Infinia is designed to turn opaque and difficult-to-recycle (known as ODR) PET plastic waste, that can degrade in quality each time it is recycled using conventional methods, into recycled feedstocks that can be…

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Lightsource BP to accelerate global solar growth with further investment from BP

Stuart Mitchell

The management of Lightsource BP and BP have agreed to equalise their shareholdings in Lightsource BP to create a simplified 50:50 joint venture structure. As part of the transaction, BP will purchase newly-issued equity in the business to help accelerate Lightsource BP’s growth, supporting its ambitious drive towards 10GW of developed assets by the end of 2023. In December 2017, BP acquired 43% of Lightsource which was subsequently rebranded to Lightsource BP. Today, BP has agreed to purchase additional equity in Lightsource BP to become an equal partner in the business with…

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BP signs sustainable energy agreements with Amazon Web Services

Stuart Mitchell

BP has agreed the first in a series of innovative power deals with Amazon Web Services (AWS) to supply renewable energy to the European data centres that drive the AWS cloud platform. The deal is in line with BP’s growing sustainable power business, which includes tailored Power Purchase Agreements (PPAs) within the corporate sector. Starting in 2021, BP will begin supplying AWS with renewable energy from more than 170 megawatts (MW) of newbuild wind and solar projects in Sweden and Spain – enough renewable energy each year to supply over…

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Lawyers take action against BP’s climate “greenwashing” advertising campaign

Stuart Mitchell

Environmental lawyers from ClientEarth have today filed a high-level complaint against oil giant BP, claiming that it is misleading consumers about its focus on low carbon energy and solutions to climate change in its multimillion pound advertising campaign. They are backing up the complaint with a call for a ban on all fossil fuel advertising unless it comes with a tobacco-style health warning about the dangers to the planet and people. The lawyers have triggered an official complaints procedure against the fossil fuel company under the guidelines of the OECD,…

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