“BP Plc (British Petroleum Public Limited Company) will invest $30 million in Fulcrum BioEnergy Inc., which makes biofuel from garbage, in a new partnership designed to curb airplane pollution. The London-based oil-producer also signed a 10-year deal to buy 500 million gallons (1.9 billion liters) of biofuel from Fulcrum’s North American plants, according to a statement by BP on Tuesday. BP will distribute the aviation fuel to planes through its unit Air BP Ltd., which sells about 7 billion gallons of aviation fuel annually.
Airlines facing pressure to clean up their pollution last month brokered a landmark deal in Montreal. Their accord created a global system that requires them to fund environmental initiatives from 2020 that may cost as much as $24 billion annually by 2035.” By Jessica Shankleman, Bloomberg, November 2016