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Compiled by Dr. Joe Herbertson
June 2001
Sustainable Resource
Processing
Case
Study: BP
BP has embraced the
concepts of sustainability and is committed to improving its current environmental
and social impacts, whilst encouraging their businesses to actively explore technology, policy
and business options for less carbon intensive energy supply in the
future
•Greenhouse gas emissions
from BP’s global
operations are to be reduced by 10% from 1990 levels by 2010; this is a stretch when factoring in growth, and equates
to approx.
75Mt/a less by 1990 standards
•BP is pursuing next
generation Clean Fuels
•Although very small
compared to its petroleum business, BP is the world’s largest generator and user of solar
energy, with a
sales target of $1Bn by 2007
•‘Beyond Petroleum’
strategies have to evolve in a manner that satisfies market pressures for shareholder value
‘Global Choice’
•An innovative experiment being pioneered in
Australia
•Embedded in the price of BP Ultimate is a fund to buy carbon
credits
to off-set GHG emissions from the purchased fuel
•Carbon credits are sourced from a range of GHG abatement
schemes:
•tree planting
•fuel switching
•methane combustion, including capture from land fill
etc
• renewable energy sources