- BP’s carbon emissions from its operations increased slightly in 2023 due to oil and gas projects.
- The firm aims to reduce its operational emissions by 20 per cent by 2025 from 2019 levels.
BP’s carbon emissions from its operations increased slightly in 2023 due to oil and gas projects starting up and operational issues, the energy company said in its annual report.
BP said that direct emissions from its operations, known as Scope 1 emissions, increased last year to 31.1 million metric tons from 30.4 million tons in 2022.
They noted that Indirect emissions from operations, or Scope 2 emissions, declined to 1 million tons from 1.4 million tons the previous year. Scope 1 and 2 emissions increased by 0.6 per cent in 2023 from the previous year.
BP aims to reduce its operational emissions by 20 per cent by 2025 from 2019 levels and by 50 per cent by 2030. The emissions fell by over 40 per cent between 2019 and 2023.
The energy company added that the overall increase in operational emissions was due to “temporary operational changes” and project start-ups, including in the US Gulf of Mexico and the North Se.