A BP company logo is displayed on a fuel pump on the forecourt of a gas station operated by BP Plc in London, U.K.
Chris Ratcliffe | Bloomberg | Getty Images
Oil and gas major BP said Wednesday it was aiming to become “a net zero company by 2050 or sooner,” adding that it also wanted to “help the world get to net zero.”
In an announcement detailing its plans, BP listed a number of aims it had for the business. These included: Cutting the carbon intensity of products it sells by 50% by 2050 or earlier; installing methane measurement at its major oil and gas processing sites by the year 2023 and halving the methane intensity of operations; and upping the proportion of its investment in non-oil and gas businesses.
In order to push the world toward net zero, BP said it would undertake actions such as “more active advocacy” for policies supportive of net zero, like carbon pricing.
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