We shouldn't be fooled by BP's climate claims

Global Witness asserts that BP's claim of alignment with Paris climate goals is false, as more than half of its planned $140 billion investment in oil and gas over the next decade involves new extraction. The organization contends that BP's models rely on an improbable 14,000% increase in Carbon Capture and Storage (CCS) capacity over 20 years to justify continued fossil fuel production, whereas IPCC findings suggest a need for a 40% drop in oil and gas production over the next decade.

• More than 50% of BP's planned $140 billion investment in oil and gas over the next ten years is considered incompatible with avoiding the worst impacts of climate change because it involves production from new oil and gas fields.
• To meet UN climate agreement ambitions and IPCC 1.5°C targets, oil and gas production must decrease by approximately 40% over the next decade, with global emissions falling by 45% by 2030 and reaching net zero by 2050.
• BP's internal climate models project a much slower decline in oil production (4% by 2030) and a 16% increase in gas consumption, relying on Carbon Capture and Storage (CCS) to offset emissions.
• BP's strategy depends on an unrealistic expansion of CCS technology, requiring a growth of over 14,000% in 20 years, which would necessitate building 2,500 new plants (one every three days) given that only 17 currently exist globally.

APA

Global Witness (n.d.). We shouldn't be fooled by BP's climate claims. https://globalwitness.org/en/campaigns/fossil-fuels/we-shouldnt-be-fooled-by-bps-climate-claims/

Chicago

Global Witness. We shouldn't be fooled by BP's climate claims. n.d. https://globalwitness.org/en/campaigns/fossil-fuels/we-shouldnt-be-fooled-by-bps-climate-claims/.

Wikipedia

{{cite press release |author=Global Witness |title=We shouldn't be fooled by BP's climate claims |url=https://globalwitness.org/en/campaigns/fossil-fuels/we-shouldnt-be-fooled-by-bps-climate-claims/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{globalwitnessndshouldnt, author = {{Global Witness}}, title = {{We shouldn't be fooled by BP's climate claims}}, publisher = {Global Witness}, url = {https://globalwitness.org/en/campaigns/fossil-fuels/we-shouldnt-be-fooled-by-bps-climate-claims/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }