BP Reports Emissions Uptick Despite Efforts
March 27 2020 - 7:54AM
Dow Jones News
By Dieter Holger
BP PLC said Friday that emissions from its operations rose last
year mainly due to acquisitions, despite efforts to cut to air
pollution.
The British energy company reported direct greenhouse-gas
emissions from operations rose 0.82% in 2019 from a year earlier.
Still, that marked a 3.9% decline from 2015.
"Over time, as investment goes up in low- and no-carbon, we see
it going down in oil and gas," BP said.
In February, the company became a rare example of an oil-and-gas
major pledging to reach net-zero emissions by 2050 in line with the
Paris Agreement, but was scant on details.
"BP has to change, and faster than ever, because the world is
changing fast, and so are society's expectations of us," said
Bernard Looney, chief executive of BP, in prepared remarks.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
March 27, 2020 07:39 ET (11:39 GMT)
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