bp and Qantas form strategic partnership to advance net zero emissions

bp to develop into Qantas’ decarbonisation strategic partner Intend to collaborate on assignments which includes

  • bp to develop into Qantas’ decarbonisation strategic partner
  • Intend to collaborate on assignments which includes state-of-the-art sustainable fuels, advocacy for more decarbonisation in the aviation sector, renewable electric power, carbon management and rising technology
  • bp’s initially decarbonisation partnership in the hefty transportation sector, progressing bp’s purpose to aid towns and corporations to decarbonise
  • Qantas and bp have both of those established ambitions to achieve internet zero carbon emissions by 2050

Qantas and bp introduced a strategic partnership to further advance their shared web zero ambitions. By the collaboration, the companies will perform jointly on alternatives to lessen carbon emissions in the aviation sector and contribute to the improvement of a sustainable aviation gas sector in Australia. 

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The two firms have agreed to examine ways in which bp’s world-wide abilities, techniques and understanding can guidance Qantas’ sector-foremost sustainability and environmental system.  

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Jointly, the groups will discover chances and initiatives in regions together with highly developed sustainable fuels, advocacy for even further decarbonisation in the aviation sector, renewable electrical power answers and technology, carbon administration and rising technological innovation.

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William Lin, bp’s govt vice president, areas, towns & options, said: “At bp, we’re focusing on doing work with corporates in essential industrial sectors that currently have substantial carbon emissions to handle and want to decarbonise – sectors these kinds of as aviation. 

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“By bringing our complementary abilities collectively, we can aid each other, and our customers, go at a more quickly speed on the vitality changeover journey. We are delighted to have the opportunity to collaborate with Qantas on designs to reach web zero when continuing to deepen our existing relationship.

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Frédéric Baudry, president, bp Australia and SVP fuels & small carbon remedies, Asia Pacific said: “This is an additional shift in the direction of our ambition to be a net zero corporation by 2050 or faster and assistance the entire world to get to internet zero. We believe the planet needs all people functioning with each other on this crucial trigger, and that supporting businesses to changeover to a much more sustainable potential indicates we can all get there speedier. 

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“Forming solid strategic partnerships with foremost organizations like Qantas is an vital way to accomplish our shared objectives and we are proud that bp is working to provide decarbonisation alternatives for customers in Australia.”

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“This is another go in the direction of our ambition to be a web zero business by 2050 or faster and assist the world to get to web zero. We feel the earth requirements all people doing the job collectively on this very important lead to, and that supporting providers to transition to a more sustainable long term suggests we can all get there speedier.” – Frédéric Baudry, president, bp Australia and SVP fuels & low carbon alternatives, Asia Pacific

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Andrew Parker, Qantas group government authorities, business and sustainability mentioned: “While the COVID disaster has compelled us to make a lot of improvements throughout the business, one particular point that hasn’t improved is our dedication to minimising the effects we have on the surroundings.

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“Even even though we have been traveling a lot significantly less, we’ve basically noticed the very same proportion of buyers choosing to offset their domestic travel throughout the pandemic – displaying that this challenge continues to be prime of thoughts for folks. 

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“Airlines globally have a obligation to reduce emissions and overcome weather adjust, especially when journey demand from customers starts off to return. The Qantas Team has established some bold targets to be web carbon neutral by 2050 and though offsetting emissions is a significant section of that in the future couple years, lengthier-time period initiatives like building a sustainable aviation gas sector in Australia, are key. 

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“This strategic partnership is built to enable create on this by leveraging the shared targets, skills and achieve of Qantas and bp to innovate with each other.” 

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bp and Qantas are operating toward a very low carbon upcoming and both equally businesses goal to increase collaboration in this area around time.

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bp in Australia

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bp has been running in Australia for more than 100 a long time. bp is one particular of Australia’s top quality gas stores with all around 1,400 branded retail gas web sites throughout the nation, of which approximately 350 are organization-owned, and far more than 1,000 are owned and operated by our unbiased small business partners. bp is one of the main aviation fuel suppliers in Australia and is existing at all over 75 airports in the state.

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bp is engaged in the exploration and output of oil, pure fuel and liquefied all-natural gasoline and the advertising of petroleum and lubricant items in Australia. 

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bp has established an ambition to turn out to be a web zero business by 2050 or quicker, and to help the earth get to net zero. 

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Our crew in Australia is doing work challenging on our very low carbon goals through substitute energy methods, technological innovation and as a fuel producer. To that end, bp Australia has a short while ago co-funded a feasibility study into an export-scale renewable hydrogen vitality creation facility in Western Australia.

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Obtain more information and facts about bp in Australia here.

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About Qantas

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Launched in 1920, Qantas has played a central part in the growth of the Australian and intercontinental aviation field above the previous hundred many years. Today the Qantas Group is a varied international aviation business enterprise, comprising Qantas Domestic, Qantas Global, the Jetstar small-price provider group and Qantas Loyalty. 

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Qantas is leading the way on sustainable aviation via our dedication to attain web-zero emissions by 2050 and applying ambitious airline waste reduction targets.

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Qantas presently operates one particular of the largest carbon offset courses in the aviation business, with all around 10 for every cent of shoppers booking flights on Qantas.com selecting to offset their flights and each Qantas and Jetstar doubling this range of flights offset by matching each individual greenback spent by consumers. Qantas has also fully commited to investing $50 million about the up coming 10 many years to assist develop a sustainable aviation gasoline business. 

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Qantas and bp past 12 months introduced a partnership which enables Qantas Frequent Flyer users to get paid Qantas Factors on gasoline and eligible in-store buys throughout participating BP retail internet sites. BP As well as has also turn out to be the special gas spouse of Qantas Company Rewards, enabling smaller-medium corporations to receive factors and access discounts on gasoline. 

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Obtain out much more info about Qantas’ sustainability commitments and initiatives here.

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Cautionary statement

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In purchase to make the most of the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is furnishing the pursuing cautionary statement. This press launch includes specified ahead-seeking statements – that is, statements associated to future, not past functions and instances – which may perhaps relate to a single or a lot more of the monetary issue, outcomes of operations and companies of bp and selected of the options and targets of bp with regard to these objects. These statements are typically, but not always, identified by the use of terms such as ‘will’, ‘expects’, ‘is anticipated to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Real benefits may differ from these expressed in this kind of statements, based on a wide variety of aspects like the hazard factors set forth in our most current Yearly Report and Form 20-F underneath “Risk factors” and in any of our much more recent community studies.

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Our most recent Yearly Report and Sort 20-F and other interval filings are out there on our site at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its internet site at www.sec.gov.

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