BP Announces Net Zero Emissions by 2050 Target, but Offers No Details

  • Feb 13, 2020
  • EcoWatch

"They really are setting a new standard for what leadership looks like in the industry," Andrew Logan, senior director of oil and gas at Ceres, a nonprofit that lobbies for companies to take action on climate change, said as CNN reported.

Logan noted how important it was that BP acknowledged that it needs to offset the oil and the gas that consumers use, as MarketWatch reported. "There is no reason that Exxon and Chevron can't follow suit," he said.

The carbon footprint of the oil and gas that BP and other companies sell is massive. In its own reporting, BP said that the company emits about 55 million tons of greenhouse gases each year directly from its extraction operations and refineries. However, an additional 360 million tons each year is released when their extracted oil and gas is burned in vehicles or to heat homes, as The New York Times reported.

The plans drew a tepid response from environmental groups and even criticism from some who see fossil fuel extraction as something that needs to stop immediately.

"Unless BP commits clearly to stop searching for more oil and gas, and to keep their existing reserves in the ground, we shouldn't take a word of their P.R. spin seriously," Ellen Gibson, a campaigner for fossil-fuel divestment with the environmental group 350.org in Britain, said as The New York Times reported.

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