BP is one of the world’s leading international oil and gas companies. It provides customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. Its interests and activities covered two business segments in 2009: Exploration and Production and Refining and Marketing. BP’s activities in low-carbon energy are managed through its Alternative Energy business, which is reported within Other businesses and corporate. It operates in more than 80 countries and is headquartered in London, United Kingdom.
In the United States, BP is investing $500 million over 10 years into the Energy Biosciences Institute (EBI), the world’s first research centre solely dedicated to applying biotechnology to energy. The EBI is a collaboration between BP, the Lawrence Berkeley National Laboratory and the Universities of California and Illinois. The company is also partnering with DuPont to develop biobutanol, which may be a step forward from ethanol as it provides greater fuel economy and can be blended into fuel with higher concentrations.
CEO: Robert Dudley; Revenues: $98.87 Billion (2010); Employees: 79,700 (2010).
Statements on Climate Change
“In 1997 we accepted that the risks were serious and that precautionary action was justified. We were the first company in our industry to do so, and the first to say that if we were asking other people to take precautionary action we had to show what was possible and to set an example.”
-Lord Browne of Madingley, Former Group Chief Executive BP
Climate Change Targets
In 1998, BP achieved a 10% reduction from 1990 levels in operational greenhouse gas (GHG) emissions.
Climate and Energy Strategies
Technology Solutions (C2ES's Climate Techbook Factsheets)
Relevant Links: BP Company Web Site, BP Environment and Society Web Site, BP Sustainability Report, BP Press Release Energy Biosciences Institute, BP Press Release on DuPont Parntership, BP-DuPont Biofuels Fact Sheet, Foreign Affairs article by Lord Brown on beyond the Kyoto Protocol