By Dieter Holger

 

BP PLC said Friday that emissions from its operations rose last year mainly due to acquisitions, despite efforts to cut to air pollution.

The British energy company reported direct greenhouse-gas emissions from operations rose 0.82% in 2019 from a year earlier. Still, that marked a 3.9% decline from 2015.

"Over time, as investment goes up in low- and no-carbon, we see it going down in oil and gas," BP said.

In February, the company became a rare example of an oil-and-gas major pledging to reach net-zero emissions by 2050 in line with the Paris Agreement, but was scant on details.

"BP has to change, and faster than ever, because the world is changing fast, and so are society's expectations of us," said Bernard Looney, chief executive of BP, in prepared remarks.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

(END) Dow Jones Newswires

March 27, 2020 07:39 ET (11:39 GMT)

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