| Company Name | BP |
|---|---|
| No. of Employees | 97,600 (2007) |
| Revenue | $291 billion (2007) |
| Sector | Energy |
| Country (HQ) | UK |
| Scope 1 Emissions | 63,500,000 tonnes (2007) |
| Scope 2 Emissions | 10,700,000 tonnes (2007) |
| Scope 3 Emissions | 521,000,000 tonnes (2007) |
| Notes on Emissions | |
Scope 3 emissions are estimated based on BP’s 2007 total reported production rates of natural gas (8,143 million cubic feet per day), natural gas liquids (156 thousand barrels per day) and BP’s share of all refinery throughputs (2,127 thousand barrels per day). | |
| Emission Changes | |
| — | |
| Notes on Emission Changes | |
In 2007, BP’s scope 1 emissions were nearly 1.5% or 1 million tonnes of CO2e lower than the 64.4 million tonnes reported in 2006. BP’s business units reported the following changes in GHG emissions intensity (on a normalized GHG per unit of production basis): • The petrochemical business improved by 3% over 2006 and some 34% over 2001 • The refining business delivered a 0.7% improvement in 2007 compared to 2006 • BP’s exploration and production segment reported lower operational GHG intensity from new production assets; however this was negated by higher normalized emission levels from more mature assets, keeping the overall E&P unit’s GHG intensity unchanged.
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| Verification of Emissions | Yes |
| Verifier | Ernst & Young (all data is taken from BP Sustainability Report 2007 and is covered by E&Y's Assurance Statement in that report) |
| Responsible for Climate Change Strategy | |
| Tony Hayward, BP Group Chief Executive | |
| Climate Change Strategy | |
• BP is committed to improving operational energy efficiency and to seek out GHG emission reductions tracking the overall energy-efficiency performance against a 2001 baseline. The total of BP’s reported annual sustainable reductions over the past six years is approx 7 million tonnes of CO2-e.
• BP Alternative Energy plans to invest $8 billion over the ten years to 2015 in alternative and renewable energy technologies. It intends to invest $1.5 billion in 2008.
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| Targets | |
• Continuing commitment to improve operational energy efficiency and to seek out GHG emission reductions
• In 1998, BP announced a target to reduce its GHG emissions by 10% compared to 1990 levels. By 2001 it had already achieved its target and reported savings of over $650 million. In total since 1998 BP estimates more than $2 billion of net present value has been created from reduced procurement of energy and increased production sales of gas formerly used, flared or vented within its operations.
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