BP-Australia's "global choice" CO2-reduction scheme would cost about 12 cents/liter at refueling

Diesel Fuel News, June 23, 2003

The new scheme allows corporate fleets to buy "global warming" emissions credits on purchases of diesel, gasoline or LP-Gas (see Diesel Fuel News 6/9/03, p12), for a minimum (Aus.)$ 1,550/month. As an example, that works out to about $A67 per 6-cylinder car traveling 30,000 km and using 14 liters per 100 km, or 4,200 liters/year, BP explains.

"The minimum reduction target is 100,000 liters of unleaded petrol," explains BP-Australia's Jamie Jardine. "The customer would be invoiced monthly based on the volume purchase and the amount of [CO.sub.2] which they had chosen to cancel. The cost is tax-deductible in Australia," Jardine explains. Having independent auditors first verify the [CO.sub.2] emissions reduction model was a big job, but now that this work is completed, "Global Choice is easily transferable to other parts of the world [and] other parts of the [BP] group are interested in the concept," Jardine told us.