• bp to grow to be Qantas’ decarbonisation strategic spouse
  • Intend to collaborate on tasks including advanced sustainable fuels, advocacy for even more decarbonisation in the aviation sector, renewable electrical power, carbon management and rising technologies
  • bp’s first decarbonisation partnership in the large transportation sector, progressing bp’s aim to aid metropolitan areas and organizations to decarbonise
  • Qantas and bp have both set ambitions to accomplish web zero carbon emissions by 2050

Qantas and bp announced a strategic partnership to even further progress their shared net zero ambitions. By way of the collaboration, the businesses will function together on options to decrease carbon emissions in the aviation sector and add to the improvement of a sustainable aviation gasoline sector in Australia. 

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The two companies have agreed to check out strategies in which bp’s international abilities, capabilities and awareness can guidance Qantas’ field-primary sustainability and environmental system.  

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Jointly, the groups will check out prospects and jobs in spots like innovative sustainable fuels, advocacy for further decarbonisation in the aviation sector, renewable electrical power answers and era, carbon management and rising technological innovation.

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William Lin, bp’s government vice president, areas, cities & answers, said: “At bp, we’re concentrating on doing the job with corporates in essential industrial sectors that at this time have significant carbon emissions to regulate and will need to decarbonise – sectors these as aviation. 

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“By bringing our complementary abilities with each other, we can enable each other, and our prospects, transfer at a a lot quicker pace on the vitality transition journey. We are delighted to have the chance to collaborate with Qantas on programs to get to internet zero whilst continuing to deepen our existing marriage.

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Frédéric Baudry, president, bp Australia and SVP fuels & minimal carbon answers, Asia Pacific reported: “This is yet another transfer toward our ambition to be a net zero company by 2050 or sooner and support the entire world to get to internet zero. We consider the world desires everyone doing the job together on this crucial cause, and that supporting businesses to transition to a extra sustainable foreseeable future means we can all get there quicker. 

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“Forming potent strategic partnerships with main corporations like Qantas is an essential way to achieve our shared plans and we are proud that bp is doing work to supply decarbonisation solutions for customers in Australia.”

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“This is an additional shift to our ambition to be a internet zero business by 2050 or sooner and support the world to get to web zero. We feel the planet requires everyone doing the job with each other on this critical cause, and that supporting providers to transition to a far more sustainable potential suggests we can all get there speedier.” – Frédéric Baudry, president, bp Australia and SVP fuels & very low carbon solutions, Asia Pacific

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Andrew Parker, Qantas group govt govt, industry and sustainability mentioned: “While the COVID crisis has compelled us to make quite a few variations throughout the business enterprise, a person point that hasn’t altered is our determination to minimising the influence we have on the ecosystem.

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“Even however we have been traveling a whole lot less, we’ve truly viewed the same proportion of consumers deciding upon to offset their domestic vacation for the duration of the pandemic – exhibiting that this challenge continues to be major of mind for people today. 

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“Airlines globally have a obligation to minimize emissions and beat climate alter, specially as soon as travel desire starts off to return. The Qantas Group has set some bold targets to be web carbon neutral by 2050 and even though offsetting emissions is a major aspect of that in the upcoming number of a long time, for a longer period-expression initiatives like setting up a sustainable aviation gasoline sector in Australia, are vital. 

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“This strategic partnership is made to assistance construct on this by leveraging the shared goals, know-how and access of Qantas and bp to innovate collectively.” 

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bp and Qantas are operating in the direction of a small carbon foreseeable future and both of those corporations purpose to improve collaboration in this area above time.

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bp in Australia

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bp has been running in Australia for extra than 100 yrs. bp is a person of Australia’s primary premium gasoline suppliers with all around 1,400 branded retail fuel web-sites across the region, of which about 350 are enterprise-owned, and far more than 1,000 are owned and operated by our independent enterprise companions. bp is just one of the main aviation gasoline suppliers in Australia and is current at close to 75 airports in the nation.

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bp is engaged in the exploration and production of oil, normal gas and liquefied natural gas and the marketing of petroleum and lubricant solutions in Australia. 

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bp has set an ambition to come to be a web zero organization by 2050 or faster, and to assist the entire world get to internet zero. 

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Our team in Australia is operating really hard on our lower carbon plans by way of different electrical power alternatives, technological know-how and as a fuel producer. To that close, bp Australia has not too long ago co-funded a feasibility research into an export-scale renewable hydrogen electrical power output 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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Founded in 1920, Qantas has played a central part in the progress of the Australian and worldwide aviation marketplace in excess of the previous hundred years. Currently the Qantas Team is a assorted worldwide aviation small business, comprising Qantas Domestic, Qantas Worldwide, the Jetstar small-value provider group and Qantas Loyalty. 

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Qantas is major the way on sustainable aviation by our motivation to accomplish web-zero emissions by 2050 and implementing ambitious airline squander reduction targets.

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Qantas at this time operates just one of the largest carbon offset packages in the aviation business, with all around 10 per cent of clients scheduling flights on Qantas.com choosing to offset their flights and both equally Qantas and Jetstar doubling this selection of flights offset by matching each dollar invested by buyers. Qantas has also fully commited to investing $50 million more than the upcoming ten years to help establish a sustainable aviation gasoline field. 

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Qantas and bp last calendar year launched a partnership which makes it possible for Qantas Repeated Flyer members to receive Qantas Details on fuel and qualified in-keep buys throughout participating BP retail web sites. BP As well as has also come to be the distinctive gas spouse of Qantas Organization Benefits, enabling tiny-medium corporations to earn details and entry special discounts on gasoline. 

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Uncover out additional info about Qantas’ sustainability commitments and initiatives here.

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Cautionary statement

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In get to make use of the ‘safe harbor’ provisions of the United States Personal Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is giving the adhering to cautionary statement. This press launch incorporates specified forward-looking statements – that is, statements relevant to long run, not past events and conditions – which may well relate to one particular or a lot more of the fiscal issue, outcomes of operations and organizations of bp and specific of the options and objectives of bp with respect to these merchandise. These statements are commonly, but not generally, discovered by the use of terms these types of as ‘will’, ‘expects’, ‘is anticipated to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is probably to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or identical expressions. Genuine results may perhaps differ from those expressed in this sort of statements, depending on a wide variety of factors together with the possibility factors set forth in our most current Yearly Report and Form 20-F beneath “Risk factors” and in any of our more recent community studies.

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Our most recent Annual Report and Variety 20-F and other interval filings are out there on our web page at www.bp.com, or can be received from the SEC by contacting 1-800-SEC-0330 or on its internet site at www.sec.gov.

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