(Source: BP) BP Target Neutral, BP’s voluntary carbon offsetting programme, is celebrating its 11th year with an announcement that it has expanded the portfolio of carbon offsetting projects for 2017.New projects in India, Peru, China and Mexico have been added to the portfolio, which includes activities as diverse as forest conservation, […]
(Source: The Guardian) Oil giants ExxonMobil, Shell, BP and Total are among a group of large corporations supporting a plan to tax carbon dioxide emissions in order to address climate change. In a full-page newspaper ad on Tuesday, the companies called for a “consensus climate solution that bridges partisan divides, strengthens […]
(Source: Bloomberg) A group of companies and non-profit agencies that includes energy giants Royal Dutch Shell Plc and BHP Billiton said global greenhouse gas emissions could be cut in half by 2040 without impeding economic development, in part by converting grids to use mostly renewable power. Read full story….
(Source: Reuters) Energy giant BP has struck a deal with a local power company in China for the largest carbon permit buyback contract in the short history of the country’s nascent carbon market. Under the contract, worth 100 million yuan ($15.46 million), Shenzhen Energy, must by June repurchase 4 million […]
(Source: The Wall Street Journal) BP PLC Chief Executive Bob Dudley called on governments to do more to encourage a shift to lower-carbon fuels, warning that the world is on course to see global temperatures rise to dangerous levels. BP said that if governments were to take action on curbing greenhouse emissions, then putting […]
Instrument trading News round-up BP, CNPC agreement includes cooperation on carbon trading NDRC urges renewable energy-rich provinces to increase transmission and consumption of power Carbon pricing re-enters draft Paris climate agreement Download report (PDF)
As part of President Xi Jinping’s visit to London, oil giants BP and CNPC have signed a deal to expand their global cooperation, including on emissions trading. Both firms have several facilities covered in China’s pilot schemes. (Source: Carbon Pulse)