BP now aims to reduce scope three emissions by 20–30pc in 2030
BP softens emissions goals in push for ‘orderly’ transition
Oil and gas major revises down scope three targets as it plans slower reductions in oil and gas production to 2030
BP has scaled back its scope three emission reduction goals as it slows its retreat from oil and gas production to 2030, citing the need to provide secure and affordable energy in an “orderly” transition away from fossil fuels. The company aims to reduce scope three emissions by 20–30pc in 2030 against a 2019 baseline. The previous target, set in 2020, called for a 35–40pc reduction. Oil and gas production will be around 2.3mn bl/d oe in 2025 and around 2mn bl/d oe in 2030—25pc lower than 2019 production, excluding output from Russian producer Rosneft. This compares with a previously expected 40pc drop by 2030. “It is clearer than ever after the past three years that the world wants an
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
