BP p.l.c. — Ethics Grade D

BP p.l.c. receives an overall ethics grade of D (32/100) on CancelCo's corporate accountability database. Sector: Energy. Market cap: Large Cap.

Category scores

• labor: 35
• privacy: 80
• consumer: 40
• environment: 15
• humanRights: 50

Documented incidents (3)

• Deepwater Horizon Oil Spill (high, 2010) — An explosion on the Deepwater Horizon drilling rig caused over 4 million barrels of oil to spill into the Gulf of Mexico. It remains the largest marine oil spill in history, causing catastrophic ecological and economic damage.
• Greenwashing Advertising Complaint (medium, 2019) — Environmental lawyers filed a complaint alleging BP misled the public through an advertising campaign that focused on clean energy despite 96% of its capital expenditure being in oil and gas.
• Texas City Refinery Explosion (high, 2005) — A hydrocarbon vapor cloud ignited at a refinery, killing 15 workers and injuring 180 others. Investigations found significant lapses in safety management and cost-cutting measures.

Documented good deeds

• Net Zero by 2050 Commitment — BP launched a strategy to become a net-zero company by 2050 or sooner, including reducing oil and gas production by 40% by 2030.

Ethical alternatives

• Ørsted A/S — A former oil and gas company that successfully transitioned to become the world's most sustainable energy company focusing on offshore wind.