HVAC Breaking News

Mar. 14, 2002: Energy Company Cuts Greenhouse Gas Emissions By 9 Million Tons

March 14, 2002
/ Print / Reprints /
/ Text Size+
STANFORD, CA — BP, one of the largest oil and gas suppliers in the U.S., announced that it has reduced its greenhouse gas emissions by more than 9 million tons eight years ahead of target, and that it will peg net future emissions at this new, lower level despite plans to increase its oil and gas production by 5.5% per year.

In a speech at Stanford University, Lord Browne, chief executive officer, said that the company’s pledge, made four years ago, to cut emissions from its operations by 10% from 1990 levels by the year 2010 has already been achieved, and at no net cost to the company.

Browne remarked that BP's target now was to contain net emissions at current levels through the next decade. This would be done partly through internal actions, primarily more efficient use of energy.

“By applying existing knowledge across the span of our operations, and selective new capital investment in areas such as cogeneration, we believe we can achieve a 10 to 12 percent improvement in the efficiency of our energy use. In total, we think we can deliver around half the reductions necessary to sustain our internal emissions at 10 percent below 1990 levels through efficiency gains.”

The company also plans to implement the use of carbon credits resulting from its accelerated shift to natural gas and other lower-carbon products, as well as cleaner fuels and lubricants necessary for the development of lower-emission engines.

Publication date: 03/11/2002

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Greg Mazurkiewicz

You must login or register in order to post a comment.



Image Galleries

2014 ACI Home Performance Conference

The 2014 ACI National Home Performance Conference & Trade Show was held in Detroit.


NEWSMakers: Doug Dougherty

Doug Dougherty, president and CEO of the Geothermal Exchange Organization (GEO) joins the program to discuss the latest happenings with GEO, including the drive to get included in state and federal definitions of renewable energy, plus the future of geothermal.  Posted on July 25.

More Podcasts


NEWS 07-28-14 cover

2014 July 28

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con