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HOUSTON -- BP plc, the London-based operator of more than 3,800 convenience stores in the United States, has reduced its carbon emissions by 10 million tons below 1990 levels at no net economic cost and seven years ahead of schedule, said Chief Executive Sir John Browne in World Energy magazine.
Browne said the actions were taken because although the precise causes and consequences of climate change are unknown, the long-term risks required precautionary action to avoid the point "where draconian action was unavoidable."
BP's success came from efforts by the company worldwide, reducing leaks and flares, which saved money, improving efficiencies and developing cleaner fuels, among others, the report said.
"[Sir John] Browne epitomizes a modern energy company that cares about the environment and what its customers want in terms of responsible business practices," said Richard Loomis, president and publisher of World Energy.