The British Petroleum Corporation is, by the nature of its business, by many the last name that may remove carbon from its operations, yet the company has made such a promise. The oil and gas giant recently announced plans to reduce CO2 levels (both in explosions and in its own products) to zero by 2050.
BP hopes to achieve some of this by reducing the level of carbon produced in its fossil fuel business, such as reducing the “concentration” levels of carbon and methane to half, as well as following policies such as pricing. And encourage the world to reduce its carbon emissions by reducing the amount of carbon it produces. It is clear, however, that BP must increase its investment in non-oil businesses, thereby reducing its dependence on oil revenues in order to achieve this goal.
The British oil giant has announced that within the framework of its plan, it intends to change its structures and make it more centralized, while at the same time promoting stability in work activities and reducing carbon emissions.
Bernard Looney, chairman of the company, said of the new project:
Earth’s space for carbon is rapidly depleting, and if humans want to take control of the situation, they must fundamentally change global energy systems.
The remarks come as British Petroleum previously announced plans to increase oil and gas production by 50 percent between 2018 and 2030; Therefore, it may be better for the chairman of the company to change the timing of the decarbonization project a little, as the deadline for fulfilling this commitment seems to be a bit short.
Another point about this is the political actions of BP. Although the company is committed to pursuing an environmental policy, its support for politicians who deny climate change and global warming, as well as its lobbying, sometimes contradicts its actions to protect the environment.