bp and Qantas form strategic partnership to advance net zero emissions

  • bp to come to be Qantas’ decarbonisation strategic associate
  • Intend to collaborate on jobs together with superior sustainable fuels, advocacy for further decarbonisation in the aviation sector, renewable ability, carbon management and emerging technological innovation
  • bp’s initially decarbonisation partnership in the significant transportation sector, progressing bp’s purpose to assistance cities and organizations to decarbonise
  • Qantas and bp have the two established ambitions to achieve web zero carbon emissions by 2050

Qantas and bp introduced a strategic partnership to additional advance their shared net zero ambitions. Through the collaboration, the corporations will get the job done together on chances to cut down carbon emissions in the aviation sector and contribute to the improvement of a sustainable aviation gasoline field in Australia. 

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The two corporations have agreed to discover ways in which bp’s global abilities, competencies and information can aid Qantas’ industry-major sustainability and environmental method.  

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Jointly, the groups will take a look at prospects and projects in parts which includes superior sustainable fuels, advocacy for even more decarbonisation in the aviation sector, renewable energy methods and technology, carbon management and emerging technological innovation.

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William Lin, bp’s government vice president, locations, cities & alternatives, reported: “At bp, we’re concentrating on doing work with corporates in key industrial sectors that at this time have important carbon emissions to regulate and want to decarbonise – sectors this kind of as aviation. 

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“By bringing our complementary abilities with each other, we can support just about every other, and our buyers, shift at a faster rate on the electrical power transition journey. We are delighted to have the option to collaborate with Qantas on programs to achieve web zero when continuing to deepen our present partnership.

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Frédéric Baudry, president, bp Australia and SVP fuels & minimal carbon answers, Asia Pacific explained: “This is another transfer toward our ambition to be a web zero firm by 2050 or sooner and assist the earth to get to net zero. We believe the earth needs all people doing the job collectively on this crucial trigger, and that supporting firms to transition to a a lot more sustainable long run usually means we can all get there more quickly. 

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“Forming solid strategic partnerships with primary businesses like Qantas is an crucial way to obtain our shared targets and we are happy that bp is functioning to present decarbonisation solutions for clients in Australia.”

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“This is yet another shift in direction of our ambition to be a web zero corporation by 2050 or faster and assistance the entire world to get to web zero. We think the earth demands anyone working with each other on this very important induce, and that supporting businesses to changeover to a extra sustainable foreseeable future implies we can all get there more quickly.” – Frédéric Baudry, president, bp Australia and SVP fuels & low carbon solutions, Asia Pacific

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Andrew Parker, Qantas team executive governing administration, industry and sustainability explained: “While the COVID crisis has compelled us to make numerous modifications throughout the business, a single thing that hasn’t altered is our determination to minimising the effects we have on the ecosystem.

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“Even nevertheless we have been traveling a ton fewer, we’ve basically noticed the exact same proportion of shoppers deciding on to offset their domestic vacation all through the pandemic – showing that this concern stays prime of intellect for persons. 

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“Airlines globally have a obligation to cut emissions and combat weather transform, especially as soon as journey demand begins to return. The Qantas Group has established some formidable targets to be net carbon neutral by 2050 and though offsetting emissions is a large portion of that in the subsequent couple years, for a longer time-expression initiatives like constructing a sustainable aviation fuel sector in Australia, are crucial. 

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“This strategic partnership is created to support make on this by leveraging the shared plans, know-how and access of Qantas and bp to innovate jointly.” 

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bp and Qantas are operating to a low carbon upcoming and both of those firms aim to raise collaboration in this place about time.

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bp in Australia

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bp has been working in Australia for extra than 100 yrs. bp is one particular of Australia’s leading top quality gas suppliers with all over 1,400 branded retail gas internet sites across the nation, of which close to 350 are organization-owned, and much more than 1,000 are owned and operated by our impartial business associates. bp is 1 of the major aviation gasoline suppliers in Australia and is existing at all over 75 airports in the nation.

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bp is engaged in the exploration and manufacturing of oil, normal gasoline and liquefied organic gas and the marketing of petroleum and lubricant goods in Australia. 

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bp has established an ambition to come to be a net zero business by 2050 or sooner, and to assistance the earth get to internet zero. 

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Our workforce in Australia is functioning difficult on our reduced carbon objectives by means of choice electrical power methods, technologies and as a fuel producer. To that close, bp Australia has lately co-funded a feasibility research into an export-scale renewable hydrogen vitality manufacturing facility in Western Australia.

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Find far more information and facts about bp in Australia here.

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About Qantas

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Established in 1920, Qantas has performed a central part in the progress of the Australian and intercontinental aviation business over the earlier hundred several years. Right now the Qantas Team is a varied worldwide aviation business, comprising Qantas Domestic, Qantas Global, the Jetstar reduced-cost carrier team and Qantas Loyalty. 

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Qantas is major the way on sustainable aviation as a result of our commitment to realize web-zero emissions by 2050 and employing bold airline waste reduction targets.

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Qantas at present operates a person of the most significant carbon offset systems in the aviation business, with about 10 per cent of consumers reserving flights on Qantas.com picking to offset their flights and both of those Qantas and Jetstar doubling this number of flights offset by matching every dollar invested by shoppers. Qantas has also dedicated to investing $50 million in excess of the future ten a long time to assist establish a sustainable aviation fuel marketplace. 

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Qantas and bp past yr launched a partnership which enables Qantas Regular Flyer associates to make Qantas Points on fuel and suitable in-store buys throughout taking part BP retail web pages. BP Furthermore has also turn out to be the exceptional fuel associate of Qantas Business Rewards, enabling modest-medium enterprises to receive factors and entry reductions on fuel. 

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Come across out a lot more data about Qantas’ sustainability commitments and initiatives here.

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Cautionary assertion

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In get to utilize the ‘safe harbor’ provisions of the United States Non-public Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is furnishing the following cautionary statement. This press release consists of specified forward-seeking statements – that is, statements connected to foreseeable future, not past functions and instances – which might relate to a person or much more of the economic issue, benefits of operations and corporations of bp and selected of the designs and targets of bp with regard to these goods. These statements are frequently, but not generally, determined by the use of words such as ‘will’, ‘expects’, ‘is predicted to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or comparable expressions. Actual success may well differ from all those expressed in these kinds of statements, depending on a selection of things which include the chance variables set forth in our most the latest Once-a-year Report and Variety 20-F below “Risk factors” and in any of our extra recent general public stories.

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Our most current Annual Report and Sort 20-F and other time period filings are available on our web-site at www.bp.com, or can be attained from the SEC by calling 1-800-SEC-0330 or on its web site at www.sec.gov.

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