Oil and gas giant BP says it is turning over a green leaf

Oil and gas giant BP says it is turning over a green leaf

BP, one of the world's biggest oil-and-gas companies, says it is turning over a green leaf. BP chief executive Bernard Looney speaks Wednesday during an event in London where he declared the company's intentions to achieve "net zero" carbon emissions by 2050.. Reporter covering the business of climate change. Carbon dioxide and methane are two gases that have contributed to a warming climate , scientists say.. But Looney said that by reducing the amount of oil and gas it extracts from the ground, those emissions would also fall steeply.. BP has become the first supermajor - and, as such, the largest oil-and-gas company - to set a net zero target for carbon emissions.". A second resolution, which urged BP to reduce the emissions from the use of its products was opposed by the company and defeated.. Even as the Trump administration and U.S. lawmakers struggle over forging a climate plan, BP joins other companies vowing to make deep cuts in energy use.. "We will have new relationships with trade associations," Looney said.. Steven Mufson Steven Mufson covers the business of climate change..