💡 What is meant by net zero emissions?
Reaching a balance between emissions introduced to the atmosphere and emissions removed.
At bp, we’re aiming to be net zero across our operations on an absolute basis by 2050 or sooner and to be net zero on carbon in our oil and gas production on an absolute basis by 2050 or sooner.
💡 Why do we need net zero?
“The world’s carbon budget is finite and running out fast; we need a rapid transition to net zero. We all want energy that is reliable and affordable, but that is no longer enough. It must also be cleaner.” – Bernard Looney, CEO
bp actively advocates for policies that support net zero in a variety of ways. This includes through direct lobbying, filing formal comments and testimony, communications activities, and advertising
Discover bp's work toward net zero and the policy priorities we champion – from carbon pricing to methane emissions, CCUS & hydrogen, renewables, and zero- and low-carbon transportation