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Member News27th Mar 2019

BP creates $100m emissions reduction fund

BP has established a $100 million Upstream Carbon Fund to support projects that will deliver greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations. Funding will be made available over the next three years, and businesses and employees throughout BP’s Upstream operating businesses are being invited to present ideas and propose projects.

The fund sits in addition to the $500 million that BP invests in low-carbon activities each year, as well as its target to achieve 3.5 million tonnes of sustainable GHG emissions reductions across the BP Group between 2016 and 2025. Read more…