BP buys jet fuel made from garbage to curb airline pollution

BP will invest $30m in Fulcrum BioEnergy, 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 500m gallons 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, which sells about 7b gallons of aviation 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 fund environmental initiatives from 2020 that may cost as much as $24b annually by 2035. “We have a deep understanding of our customers’ challenges to achieve their lower carbon goals,” said Jon Platt, Air BP CE. “Securing this supply helps secure the future competitiveness of Air BP, and our place as a leader in the industry.”<br/>