We have existing skills in the low carbon power sector. We have a 30-year track record in the solar industry, are leading the way in the new field of commercial hydrogen power, own and operate wind farms and have an established presence in gas-fired power.
BP Alternative Energy represents the next step in our journey to put good business into action on climate change.
In 1997, we were the first major energy company to acknowledge that action needed to be taken to combat carbon dioxide emissions.
Between 1998 and 2001, we reduced our own emissions to 10% below their 1990 level. We hit this target nine years earlier than promised, while creating over $600mn of net present value as a result of the efficiency savings. Since then we've continued to reduce emissions.
Our aims:
By 2008, BP Alternative Energy will:
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