ENVIRONMENTAL activists are to launch protests over BP's oil exploration and production plans as oil company executives meet to hold its annual general meeting in Aberdeen.
Campaigners from Extinction Rebellion Scotland will hold People’s Assembly in Aberdeen city centre and protest at a BP petrol station in Fort William as executives meet for the meeting at the Aberdeen Exhibition and Conference Centre.
Climate activists from Greenpeace inside five large containers blocked access to the BP headquarters in London today.
The Greenpeace protesters used cranes to transport the heavy boxes into place at St James's Square in the early hours of the morning.
Greenpeace said the aims was to keep BP's headquarters closed "for at least the whole of this AGM week".
Since BP’s 2018 carbon emissions rose to their highest in six years, the London-based energy firm has been lobbied by activists and an increasing number of shareholders to ensure its operations are in line with goals set by the 2015 Paris climate deal to curb global warming.
It comes after it emerged last month that BP had approved the latest in a series of North Sea developments while seeing profits fall eight per cent in the first quarter amid oil price volatility.
Chief financial officer Brian Gilvary noted the energy firm had approved a number of key projects during the quarter.
These include plans to develop the Seagull field in the North Sea, which Mr Gilvary described as an advantaged oil project.
Last year BP approved plans to develop the Vorlich find east of Aberdeen and the Alligin field West of Shetland.
BP plans to double its North Sea production to 200,000 barrels of oil per day by 2020, and add 900,000 of globally by 2021.
But the company has cut greenhouse gas emissions by 2.5 million tonnes since the start of 2016, putting it on its way to hit a target of 3.5m tonnes by 2025.
What a climber sees from the roof of @BP_plc’s head office in London. We’ve shutdown the office because BP needs to help solve the #ClimateEmergency, not fuel it with more oil and gas #BPShutdown pic.twitter.com/h4O4t6TWuc
— Greenpeace UK (@GreenpeaceUK) May 20, 2019
The approvals reflect a big change in the company’s attitude to the North Sea since selling off a raft of older North Sea assets and shed hundreds of jobs in the area in response to the crude price plunge between 2014 and 2016.
An Extinction Rebellion spokesman said: "The Gulf oil disaster of 2010, for which they were responsible, has become emblematic of human mistreatment of our planet.
READ MORE: BP highlights potential of North Sea development after fall in profits
"The exploitation of Scotland’s North Sea oil reserves is an unnecessary stress on the planet’s finite resources that is causing irreversible environmental effects on a global scale. These include rising sea temperatures, rising sea levels, and climatic instability. All of these effects have been identified by independent scientific bodies."
BP is already under pressure to set tougher targets to combat climate change from investors who want the oil and gas industry to do more to clean up its act.
BP has already backed a resolution being put to investors tomorrow for it to be more transparent about its emissions, link executive pay to reducing emissions from BP’s operations and show how future investments meet Paris goals.
The motion, proposed by BP and a group of 58 shareholders holding 10 percent of its shares, known as Climate Action 100+, is expected to pass at BP’s annual meeting in Aberdeen.
But some investors want BP to go further and follow the lead of rival Royal Dutch Shell, which bowed to years of lobbying and set the toughest industry targets for cutting greenhouse gas emissions.
A separate resolution drawn up by activist group Follow This that would require BP to reduce emissions not just from its own activities but also from the fuel and products it sells to customers, is said to have little chance of passing.
Immy is inside one of the boxes as part of our #BPShutdown. What’s it like being encased in heavy-duty container? #ClimateEmergency pic.twitter.com/fJAWpH1fON
— Greenpeace UK (@GreenpeaceUK) May 20, 2019
Follow This and other activists have proposed a similar resolution to shareholders of US energy firm Chevron, while a Follow This motion was rejected by investors in Norway’s majority state-owned Equinor last week
Exxon Mobil, the world’s biggest listed energy firm, has also been pushed by some investors to set emissions targets.
In a statement, BP said: "We welcome discussion, debate, even peaceful protest on the important matter of how we must all work together to address the climate challenge, but impeding safe entry and exit from an office building in this way is dangerous and clearly a matter for the police to resolve as swiftly as possible."
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