BP plc

LSE: BP24Laggard· Provisional

0 followersOil & gas·London, United Kingdom·Founded 1909

www.bp.com

British multinational oil and gas company; global supermajor with stated net-zero ambitions that have been repeatedly scaled back.

24/100

Laggard· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: highData confidence: high

Ownership

Owns

Lightsource bp· subsidiary

Electric Hydrogen· investmentvia techcrunch.com

Why it's on ClimateTicker

BP is a fossil-fuel supermajor that markets itself as transitioning to an integrated energy company, but has systematically scaled back every meaningful climate commitment it has made since 2020. The core business remains overwhelmingly oil and gas; its Scope 3 emissions — the vast majority of its climate impact — are no longer subject to any absolute reduction target. Investors should treat BP's net-zero rhetoric with extreme skepticism given the gap between marketing and verified, science-based action.

laggardBP generates revenue primarily from the extraction, refining, and sale of oil and natural gas globally, supplemented by a shrinking portfolio of low-carbon and renewables businesses including EV charging, bioenergy, and a minority interest in offshore wind.

Commitments & Certifications

CDP: Respondent — score not publicly confirmed in searched results ↗other: TCFD — self-declared compliant ↗other: CA100+ Benchmark — assessed June 2025 ↗SBTi: Not validated ↗

Controversy & Greenwashing Watch

high~32 US Climate Deception Lawsuits

BP is a co-defendant in approximately 32 US state and federal lawsuits alleging it deceived the public about its role in causing climate change; cases are proceeding in state courts after BP's federal removal attempts failed.source ↗

highGas Flaring Death Litigation (Iraq) and Palestinian War Crimes Claim

BP faces a London lawsuit alleging its decades of gas flaring in Rumaila, Iraq caused a child's death from leukaemia, and a separate case by Palestinians claiming BP's oil supply enabled war crimes.source ↗

highSystematic Rollback of Climate Targets (2024–2025)

BP eliminated its Scope 3 absolute reduction target, cut product carbon intensity goals nearly in half, and slashed transition investment by roughly 75–80%, signalling a strategic retreat from its own 2020-era net-zero commitments in favour of fossil fuel output growth.source ↗

mediumLouisiana Coastal Erosion Lawsuits

BP entities are named defendants in 17 Louisiana state lawsuits alleging historical oil and gas operations caused coastal erosion without required permits, with substantial remediation damages sought.source ↗

highClientEarth OECD Greenwashing Complaint Upheld

The UK National Contact Point assessed ClientEarth's complaint that BP's 'Keep Advancing' ad campaigns misled the public as material and substantiated, noting that over 96% of BP's spend went to oil and gas while ads spotlighted low-carbon products.source ↗

mediumNYC Greenwashing False Advertising Lawsuit

New York City alleged BP marketed fuels as including 'lower-carbon and carbon-neutral products' without disclosing the key role fossil fuels play in causing climate change, as part of a broader multi-company greenwashing action.source ↗

highDeepwater Horizon Oil Spill

The 2010 explosion on BP's Deepwater Horizon rig killed 11 workers, spilled ~3.2 million barrels of oil into the Gulf of Mexico — the worst environmental disaster in US history — generating over $61.6B in cumulative pre-tax charges and ongoing Mexican class-action litigation still pending as of end-2024.source ↗

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