Is BP doing enough to limit carbon emissions? | The Tylt
Is BP doing enough to limit carbon emissions?
According to the Associated Press' Danica Kirka, BP aims to become a net zero carbon emitter by 2050, which is no small task:
Doing so would require not only a shift to cleaner energy sources but also coming up with new technologies to offset emissions or extract CO2 from the atmosphere.
Kirka reports that BP presented its intentions to a group of climate scientists, investors and journalists.
“The world’s carbon budget is finite and running out fast; we need a rapid transition to net zero,’’ CEO Bernard Looney said in a statement. “We all want energy that is reliable and affordable, but that is no longer enough. It must also be cleaner.’’
The move from BP could mean other major energy companies follow suit, creating a trend in the right direction for combating the climate crisis.
Nevertheless, BP's announcement remains just that: an announcement. Plans and details are still to come. Furthermore, becoming a net-zero emitter by 2050 hardly addresses the planet's needs to reduce carbon emissions by 50 percent by 2030.AP's Kirka refers to Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment, on the subject:
“The oil and gas industry can only survive the next few decades if they take ownership of the rapid transition to zero-emissions energy,″ Ward said. ”However, what is lacking from BP’s announcement is any indication of whether the company accepts that there will be a major reduction in the global demand for its hydrocarbon fuels.″
For many, BP's announcement is far from sufficient.