We have measured our emissions and developed emissions protocol which we are making available so others can make use of it.
Flexible mechanisms are important.
BP has just began to test the market based reduction method of emissions trading with a pilot project. Technology is also important. But we are also we are evaluating our options and sponsoring research on energy efficiency, emissions avoiding production technology, and geologic sequestration for our oil and chemicals businesses. Lastly, we are sponsoring the Global Energy Technology Strategy Project led by Batelle aimed at understanding how technology can best be applied to protect the climate. To understand the potential of emissions offsets, we have joined AEP, Pacificorp, and TNC in major forest protection project called Noel Kempff.