BALI - British giant oil and gas company Petroleum (BP) plans to flush jumbo funds of around US$10 million or equivalent to Rp156 billion (assuming an exchange rate of Rp15,600) per year for investment in low-carbon projects.

Adapun langkah ini sebagai upaya untuk mengejar target carbon neutral atau Net Zero Emission pada 2060 mendatang. BP sendiri diketahui telah memiliki banyak investasi di Indonesia.

Asia Pacific Regional President, Kathy Wu, said the project will focus on managing environmentally friendly oil and gas (oil and gas) resources with carbon capture, utilization, and storage (CCUS) technology.

"We can take the premium market. BP wants an investment of 10 billion US dollars per year for low carbon," he said at the 3rd International Convention on Indonesian Upstream Oil and Gas (IOG) 2022 in Nusa Dua, Bali, Friday, November 25.

CCUS technology is commonly said to be able to capture and store carbon dioxide from activities in the oil and gas operating area that have been released into the atmosphere.

"The resilience of hydrocarbons and natural gas produces CCUS. This is very important as an effort for carbonized gas," he said.

On this occasion, Kathy Wu appreciated Indonesia's target of suppressing carbon emissions.

Most recently, the figure targeted by Indonesia is to suppress 32 percent of carbon emissions by 2030.

"We have opportunities for energy security and energy transition in this country," he said.


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