BP’s View on Climate Change

BP is focused on climate change as a global issue that we take very seriously. We have a track record of engaging in programs to help address climate change and intend to continue to be part of the solution on climate change in the future.

BP is advocating for a single, mandatory, U.S. greenhouse gas emissions registry and a national cap and trade program. We also support the development of policies to promote technological innovation and the growth of low-carbon businesses. Examples include carbon capture projects and increased investments in alternative energy.

BP has a long history of global leadership on the issue of managing and reducing greenhouse gases and we are going to continue our efforts in this area. Greenhouse gases (GHG) such as carbon dioxide (CO2) are not currently regulated in the United States or part of the permitting process and there is no local, regional or national framework at present in the United States for managing GHG emissions.

The Whiting project will result in an increase of about 30-40 percent in CO2 emissions - currently projected to be in the range of 1.5 to 2 million tons per year. The air permit application submitted to the Indiana Department of Environmental Management (IDEM) for the Whiting Refinery is designed to minimize air emissions through investment in state-of-the-art pollution control devices. These controls include technology to produce lower-sulfur fuels, specialized burners and controls to reduce nitrogen oxide emissions from heaters and boilers, sealing sources of particulate and volatile organic compound emissions and improved automated controls that optimize process units for lower emissions. More than $1.4 billion of the $3.8 billion refinery modernization program is allocated for environmental improvements.

BP was the first oil company to acknowledge the need to reduce greenhouse gas emissions. In 1998, we set a target of cutting emissions to 10 percent below 1990 levels by 2010. That target was reached nine years ahead of schedule and this work continues.

BP has a long history of global leadership on the issue of managing and reducing greenhouse gases and we are going to continue our efforts in this area.

BP America Inc. is a founding member, of United States Climate Action Partnership (USCAP) www.us-cap.org, an expanding alliance of major businesses and leading climate and environmental groups that have come together to call on the federal government to enact legislation requiring significant reductions of greenhouse gas emissions. After a year of dialogue and collaboration, the group produced a set of principles and recommendations to guide the formulation of a regulated economy-wide, market-driven approach to climate protection
BP is a member of the CO2 Capture Project (CCP) www.co2captureproject.org, an international cooperative partnership between industry, governments, academics and environmental interest groups which is focused on technology development of carbon dioxide capture and geological storage
BP is one of the world’s biggest investors in lower carbon fuels and technologies
The Interstate Oil and Gas Compact Commission (IOGCC) recognized BP in 2007 for reducing greenhouse gas emissions by 97 percent (1.2 million metric tons) at its operations around Farmington, New Mexico. The IOGCC is composed of governors and regulators from 30 oil and gas producing states
BP is a leading U.S. producer and supplier of clean-burning natural gas for heat and power, which emits 45 percent less carbon dioxide than coal. Natural gas now accounts for 40 percent of BP’s energy portfolio
BP is making major investments to the tune of $8 billion in low-carbon and zero-carbon alternative energy sources, and $500 million in next generation biofuels research
BP has selected the University of California Berkeley, the University of Illinois/Urbana-Champaign and the Lawrence Berkeley National Laboratory to join in a $500 million research program that will explore how bioscience can be used to increase energy production and reduce the impact of energy consumption on the environment

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