BP Plc intends to be the oil industry’s climate champion as it becomes the first of the world’s supermajors to adopt an eventual phase-out of all greenhouse gas emissions.
- But, data collected from the Permian Basin by a Bloomberg News analysis revealed that BP’s operations are among the dirtiest of dozens of companies operating in the oil fields.
- The same analysis indicates Exxon Mobil Corp. that has rejected a net-zero target is among the cleanest.
- BP emitted nearly 500 grams of methane per barrel of oil equivalent produced, a measure that incorporates the energy content of both gas and oil. The figure for Exxon was lower than 50 grams.
- In response, BP criticized the use of limited data set to draw these conclusions about BP’s overall Permian methane emissions was misleading and does not offer an accurate picture of their performance.
The company stated that it is using drones and piloted aircraft to monitor for methane emissions and is experimenting with stationary monitors and satellites.
BP down -2.48%
Source: Bloomberg.
