BP’s carbon neutral programme expands project portfolio

BP’s carbon neutral programme expands project portfolio

BP’s carbon offsetting programme is expanding its portfolio across the world to support its aims of a lower carbon future.

BP Target Neutral, celebrating its 11th year, is launching new carbon offsetting projects in India, Peru, China and Mexico reducing up to 2.5 million tonnes of CO2 equivalent per year.

The international energy giant hopes diverse activities including forest conservation, energy efficiency, renewable power and biogas projects will improve the livelihoods of more than two million people.

“BP is committed to a lower carbon transition. Our carbon project selection process ensures the integrity of carbon reduction projects and their contribution to the UN’s sustainable development goals,” said Andrea Abrahams, BP Target Neutral global director.

The not-for-profit scheme only buys carbon credits that meet the International Carbon Reduction & Offset Alliance’s (ICROA) best practice standards.

Through a ‘reduce-replace-neutralise’ programme BP aims to develop low carbon and carbon-neutral products across its businesses.

“Increasing numbers of businesses are implementing carbon management strategies which allow them to target top-line growth, business efficiency and brand enhancement with measurable and material impacts. BP is proud to provide our customers and their businesses with opportunities to not only offset their carbon emissions but also help to bring people out of poverty.”

Specifically, the projects include; installing 18,000 biogas plants and cookstoves in India, an efficient cookstove project in Peru, supporting biogas unit installations in China and providing high-efficiency cookstoves to families in rural Mexico.