bp
BP is a multinational oil and gas company headquartered in London, England. It is one of the world's seven oil and gas supermajors.

BP recently announced its ambition to eliminate emissions from its operations, as well as from the oil and gas it directly extracts, by 2050.

The company says it’ll cut 50% of the carbon intensity of products it sells, and increase the proportion of investment into non-oil and gas businesses over time.

Now, the company has announced that it will withdraw from three U.S-based industry trade groups due to differences over climate change.

BP will leave the main oil refining lobby group American Fuel and Petrochemical Manufacturers (AFPM), it will also leave the Western States Petroleum Association and the Western Energy Alliance.

“BP will pursue opportunities to work with organizations that share our ambitious and progressive approach to the energy transition,” says BP CEO Bernard Looney. “When differences arise we will be transparent. But if our views cannot be reconciled, we will be prepared to part company.”

This move, on the part of BP, follows a review of the company’s membership of some 30 trade groups around the world. BP’s decision to remain part of the American Petroleum Institute had drawn criticism from climate campaigners.

Other oil giants like Shell and Total had both ended their memberships of the AFPM.

Editorial Team
We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to make a positive impact in the world. Send us a tip via editors @ pvbuzz [dot] com.

Global market for blockchain applications in remote and grid-connected microgrid will grow 68% from 2019-2028

Previous article

Trina Solar launches 500W+ ultra-high power modules—production capacity to exceed 5GW this year

Next article

You may also like

Comments

Comments are closed.

More in News Watch