The British oil giant vowed to set carbon targets for its operations since much of the company’s strategy update focused on clean energy. The carbon targets, including one for methane, a powerful greenhouse gas, will be announced by BP in the next two months.
Discussing further on the shift to green energy, Lamar McKay, the deputy chief executive, said: “Our industry is changing faster than any of us can remember, certainly in my career.”
BP bought a $200m stake in Europe’s biggest solar developer, returning to solar and is reportedly looking into other bigger solar investments.
In the heat of this change environment, CSE will be back to London to present the Advanced Certified Sustainability Practitioner Program this December 06-07, 2018. Planning and thinking ahead in order to maintain a climate and sustainability plan is on CSE’s agenda along with Sustainability, Supply Chain, Corporate Responsibility and Corporate Communications.
BP is not the only oil and energy company diversifying its business.
One of the most eye-catching energy innovations of the last year – the deployment of the world’s first floating windfarm – was undertaken not by a renewables developer but by an oil company, Statoil. Meanwhile, France’s Total took a 23% stake in the renewable energy firm Eren. Shell is seen by many industry watchers as the leader in this transition.
Investor pressure, consumer attitudes and governments’ climate change policies are all heading towards this transformation. But increasingly it is the economics of renewables and electric cars that are in the center of this transition.
The next CSE Certified Sustainability (CSR) Practitioner Program (Advanced Edition 2018) will be in London, UK December 06-07, 2018. For more information, visit www.cse-net.org or email firstname.lastname@example.org.