BP - BRITISH PETROLEUM
BP, formerly knows as British Petroleum, is a multinational oil company, and one of the largest in the world. They have oil and petroleum products that include aviation fuel like Air BP, gas station motor oils such as Castrol, as well as natural gas and alternative fuel products.
Notable persons in the British Petroleum Company:
- Donald Alexander Smith - Founding Chairman
- Tony Hayward - Chief Executive Officer
- Bryan Grote - Chief Finance Officer
BP is aware of the imminent negative effects of climate change and has implemented major campaigns to help the environment. What started in 1997 as a mere precaution in reducing the company's own emissions has now become a large scale drive for cleaner energy. BP was the first oil company to acknowledge the issue on climate change, and is popular with environmental groups as a result. BP named their environmental campaign "Targetneutral;" it disseminates information about carbon dioxide emissions and how they affect global climate. The program encourages people to do something about how they drive and consume fuel and what they can do for the environment.
BP invests in research and development of alternative power sources. Since its procurement of Lucas Energy Systems in 1980 and Solarex and as part of its acquisition of Amoco in 2000, BP Solar is a major manufacturer of photovoltaic solar panels, holding around 20% share in the world market.
BP also explores alternative fuel sources. In partnership with DuPont, they are expected to launch their first product in the next line of biofuels: biobutanol, which is said to be a better renewable fuel than ethanol.
Ongoing projects of the company are spread all over the globe. BP launched its first wind-powered project in Asia last November 2007. A 40-megawatt facility was installed in India using 32 wind turbines. By the end of 2008, BP plans to install new wind power stations in the U.S. with an electricity-generating capacity of at least 1,000 megawatts. The company also continues to explore wind power developments in other parts of Europe and Asia.
In Central America where livestock and poultry farms are a major source of business, BP has invested in a anaerobic digestion system that can break down animal waste and convert it into biogas, making the people who live in farms stench-free and at the same time potentially increasing the employment rate as the demand for more operators of biogas equipment rises.
In Australia, BP has dug compost pits in order to reduce the number of landfills in the area. A reduced number means less methane and carbon dioxide released into the atmosphere. This will also significantly reduce disease, redolence, and potential breeding grounds of disease-carrying animals. The company has also developed diesel propulsion transport ships; even at open seas.
British Petroleum has made it a point to conduct only non-intrusive operations in order to preserve the environment. With the slogan: "Beyond Petroleum" the BP is slowly reaching their goals for earth-friendly business.
BP Environment Resources
- Visit the official BP website
- News article about how BP sets high prices for diesel
- News article about how BP's new CEO abandons environmental plan
