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Voluntary carbon market disclosures

BP Products North America Inc. (BPPNA) and BP Carbon Trading Limited (BPCT) market offsets from voluntary carbon projects.

This information and disclosure is not represented or presented as being a form of certification or labelling of carbon credits or projects, nor is it a form of assurance, guarantee, or representation as to the quality, integrity, or attributes of the carbon credits or project(s) in question. Further, the information presented here is not, and is not intended to be, a supplement to or modification of any applicable voluntary carbon standard promulgated or adopted by any relevant registry or voluntary carbon organization. It has not been reviewed by nor endorsed by any such organization. The fact that a particular project or carbon credits sourced therefrom have been disclosed or otherwise referenced here does not mean that BPPNA or BPCT guarantees the performance of the project or a specific outcome from the project or its associated carbon credits. The decision as to whether to purchase a carbon credit, and what offsetting or other claims to make based on the possession or use of that carbon credit, rests solely with the party purchasing and/or retiring the credit or the party on whose behalf BPPNA or BPCT is retiring the credit. Nothing contained herein is or shall be construed as an offer to sell any carbon credit or any other product. BPPNA and BPCT does not generally agree to contractual obligations, and generally does not make representations or warranties, with respect to whether there is a reversal related to a particular voluntary carbon offset project, or if future emissions reductions do not materialize with respect thereto.

BPPNA and BPCT markets voluntary carbon credits sourced from ACR-listed projects.

 Information related to project methodology and protocol for any projects listed on ACR are listed on the Projects report of the registry (111). If credits have been issued, the Project Credits Issued Report (112) will provide the "Project Methodology/Protocol" and the "Methodology/Protocol Version" used for those specific issued units. For unissued credits, this information will be subject to a future update. Information related to Project Site Location, Project Site State, and Project Site Country are available within the ACR Projects Report (111) and the Project Credits Issued (112) Report.


The projects are developed under the following ACR protocols:

  • Improved Forest Management (IFM) on Non-Federal U.S. Forestlands; and
  • Destruction of Ozone Depleting Substances (ODS) from International Sources
    Under the protocol for Improved Forest Management (IFM) on Non-Federal U.S. Forestlands, BPPNA and BPCT markets voluntary carbon credits from the following projects:
  • ACR848 NativState - Bottomland Forests of the Louisiana Plains (PDA). The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project start date was on 04/19/2022. As of the date of this disclosure, the project has issued 701,973 tonnes from avoidance and 121,034 tonnes from removals.
  • ACR801 NativState - Mixed Upland Forests of the Ozarks & Ouachita Mountains (PDA). The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Project Plan. The project start date was on 2/21/2022. As of the date of this disclosure, the project has issued 79,647 tonnes from avoidance and 19,449 tonnes from removals.
  • ACR802 NativState – Bottomland Forests of the Mississippi Delta & Coastal Plains (PDA). The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Project Plan. The project start date was on 04/26/2022. As of the date of this disclosure, the project has issued 461,302 tonnes from avoidance and 94,451 tonnes from removals.
  • ACR558 Finite Carbon – Park Forestry IFM. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project start date was on 05/01/2020. As of the date of this disclosure, the project has issued 273783 tonnes from avoidance and 60,407 tonnes from removals.
  • ACR562 Finite Carbon – Hiawatha Sportsman’s Club IFM. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project start date was on 07/02/2020. As of the date of this disclosure, the project has issued 423745 tonnes from avoidance and 96,771 tonnes from removals.
  • ACR 571 Finite Carbon – AMC Maine Woods Initiative IFM. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project start date was on 07/22/2020. As of the date of this disclosure, the project has issued 618011 tonnes from avoidance and 319,453 tonnes from removals.
  • ACR672 Finite Carbon – L.D. O’Rourke Foundation IFM. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project start date was on 03/12/2020. As of the date of this disclosure, the project has issued 213,184 tonnes from avoidance and 39,032 tonnes from removals.
  • ACR701 Finite Carbon – Windrock Land Company IFM. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project start date was on 06/16/2021. As of the date of this disclosure, the project has issued 1,882 ,852tonnes from avoidance and 337,589 tonnes from removals.
  • ACR735 Finite Carbon – Loon Echo and Mahoosuc Land Trusts IFM. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. As of the date of this disclosure, the project start date was on 10/08/2021. The project has issued 135,900 tonnes from avoidance and 41,855 tonnes from removals.

With respect to durability, projects conducted under the ACR protocol for Improved Forest Management (IFM) on Non-Federal U.S. Forestlands carry risks of non permanence such as 1) unintentional reversals (e.g. fires, flood, and insect infestation) and 2) intentional reversals (eg. Landowners or project proponents choosing to discontinue Agriculture, Forestry, and Other Land Use (AFOLU)1 projects activities and/or participate in an activity that reverses the sequestration previously achieved by a carbon sink).

ACR requires that GHG projects with a risk of reversals shall analyze and mitigate risk, and monitor, report, and compensate for reversals over the project term.2

Under the ACR rules, (a) Project Proponents commit to a minimum Project Term of 40 years and (b) projects must have effective risk mitigation measures in place to compensate fully for any loss of sequestered carbon whether this occurs through an unforeseen natural disturbance or through a Project Proponent or landowners’ choice to discontinue forest carbon project activities. Such mitigation measures can include contributions to the buffer pool, insurance, or other risk mitigation measures approved by ACR.

Under the ACR rules, Project Proponents must conduct their risk assessment using the ACR Tool for Risk Analysis and Buffer Determination. The output of either tool is an overall risk category, expressed as a fraction, for the project translating into the buffer deduction that must be applied in the calculation of net ERTs (section G1). This deduction must be applied unless the Project Proponent uses another ACR-approved risk mitigation product.3 

Under the protocol for Destruction of Ozone Depleting Substances (ODS) from International Sources, BPPNA and BPCT markets voluntary carbon credits from the following projects

 

  • ACR882 A-Gas South Korea 2. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project issued on 05/11/2023. The project has issued 74,831 tonnes from emissions avoidance.
  • ACR979 A-Gas South Korea 3. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project issued on 02/02/2024. The project has issued 74,143 tonnes from emissions avoidance.
  • ACR1039 A-Gas South Korea 4. The project description and location are found here. The project timeline and start date are found in Section H of the Greenhouse Gas Report. The project issued on 05/13/2024. The project has issued 46,631 tonnes from emissions avoidance.

With respect to durability, projects conducted under the ACR protocol for Destruction of Ozone Depleting Substances (ODS) from International Sources carry no risk of reversal.

BPPNA and BPCT markets voluntary carbon credits sourced from CAR-listed projects.


Information related to project methodology and protocol for any projects listed herein can be found on CAR’s Public Registry.4 If credits have been issued, CAR’s Public Registry will provide the "Project Methodology/Protocol" and the "Methodology/Protocol Version" used for those specific issued units. For unissued credits, this information will be subject to a future update. Information related to Project Site Location, Project Site State, and Project Site Country are also available at CAR’s Public Registry.


The CAR projects BPPNA and BPCT markets voluntary carbon credits from are developed under the Mexico Forest Protocol5. BPPNA and BPCT markets voluntary carbon credits from the following projects:

 

  • CAR1375: Carbono Otomí La Florida. The project description and location are found here. The project duration is 30 years, and the project start date August/3/2018 as indicated in Section 5 and Section 4.3 respectively. As of the date of this disclosure the project has issued 4130 tonnes from improved forest management removals.
  • CAR1434 Ejido San Pedro Buenavista. The project description and location are found here. The project duration is 30 years, and the project start date May/6/2019 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 1933 tonnes from improved forest management removals.
  • CAR1437 Ejido El Agua de Los Pescados y sus Anexos. The project description and location are found here. The project duration is 30 years, and the project start date May/6/2019 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 973 tonnes from improved forest management removals.
  • CAR1449 Captura de carbono forestal en la comunidad de Santa María y sus Barrios. The project description and location are found here. The project duration is 30 years, and the project start date June/17/2019 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 6984 tonnes from improved forest management removals.
  • CAR1450 Captura de carbono forestal en el Ejido San Jerónimo. The project description and location are found here. The project duration is 30 years, and the project start date June/17/2019 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 6125 tonnes from improved forest management removals.
  • CAR1451 Captura de carbono forestal en el Ejido San Juan. The project description and location are found here. The project duration is 30 years, and the project start date June/17/2019 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 3018 tonnes from improved forest management removals.
  • CAR1452 Captura de carbono forestal en el Ejido San Mateo. The project description and location are found here. The project duration is 30 years, and the project start date June/17/2019 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 605 tonnes from improved forest management removals.
  • CAR1453 Captura de carbono forestal en el Ejido Rincón de Guadalupe. The project description and location are found here. The project duration is 30 years, and the project start date June/17/2019 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 2977 tonnes from improved forest management removals.
  • CAR1494 Ejido Topia. The project description and location are found here. The project duration is 30 years, and the project start date June/28/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 86,214 tonnes from improved forest management removals.
  • CAR1495 Ejido Valle de Topia. The project description and location are found here. The project duration is 30 years, and the project start date June/28/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 101,082 tonnes from improved forest management removals.
  • CAR1496 Comunidad Rio y Papudos. The project description and location are found here. The project duration is 30 years, and the project start date June/27/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 62,616 tonnes from improved forest management removals.
  • CAR1497 Ejido Salto de Camellones. The project description and location are found here. The project duration is 30 years, and the project start date June/14/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 191,015 tonnes from improved forest management removals.
  • CAR1499 Ejido Las Vigas. The project description and location are found here. The project duration is 30 years, and the project start date May/6/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 8272 tonnes from improved forest management removals.
  • CAR1500 Ejido Tonalaco. The project description and location are found here. The project duration is 30 years, and the project start date May/6/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 1677 tonnes from improved forest management removals.
  • CAR1505 Proyecto forestal de carbono del Ejido Pioneros de Río Xhon - Ha. The project description and location are found here. The project duration is 30 years, and the project start date June/29/2021 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 5546 tonnes from improved forest management removals.
  • CAR1506 Proyecto forestal de carbono del Ejido Lázaro Cárdenas Número 2. The project description and location are found here. The project duration is 30 years, and the project start date July/2/2020 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 1910 tonnes from improved forest management removals.
  • CAR1507 Proyecto forestal de carbono del Ejido Xbonil. The project description and location are found here. The project duration is 30 years, and the project start date January/7/2020 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 40,477 tonnes from improved forest management removals.
  • CAR1510 Bonos Comunitarios CO2-San Antonio Tuk. The project description and location are found here. The project duration is 30 years, and the project start date June/26/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 24,814 tonnes from improved forest management removals.
  • CAR1511 Bonos Comunitarios CO2_San Felipe Oriente. The project description and location are found here. The project duration is 30 years, and the project start date June/21/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 2126 tonnes from improved forest management removals.
  • CAR1514 Carbono Petcacab. The project description and location are found here. The project duration is 30 years, and the project start date January/26/2020 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 94,915 tonnes from improved forest management removals.
  • CAR1576 Ejido 18 de Marzo. The project description and location are found here. The project duration is 30 years, and the project start date February/5/2021 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 19,358 tonnes from improved forest management removals.
  • CAR1577 Ejido Chunhuhub. The project description and location are found here. The project duration is 30 years, and the project start date February/5/2021 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 46,812 tonnes from improved forest management removals.
  • CAR1585 Ejido Todos Santos y Anexos. The project description and location are found here. The project duration is 30 years, and the project start date March/28/2021 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 52,814 tonnes from improved forest management removals.
  • CAR1594 Ejido Las Milpas y Anexos. The project description and location are found here. The project duration is 30 years, and the project start date March/28/2021 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 112,836 tonnes from improved forest management removals.
  • CAR1595 Comunidad Santa Ana. The project description and location are found here. The project duration is 30 years, and the project start date March/28/2021 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 33,340 tonnes from improved forest management removals.
  • CAR1596 Ejido Osos Bravos y Anexos. The project description and location are found here. The project duration is 30 years, and the project start date March/28/2021 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 19,770 tonnes from improved forest management removals.
  • CAR1597 Predio Rustico Denominado Zaleas. The project description and location are found here. The project duration is 30 years, and the project start date March/28/2021 as indicated in Section 5 and Section 4.10 respectively. As of the date of this disclosure the project has issued 5357 tonnes from improved forest management removals.
  • CAR1622 Proyecto Forestal de Captura de Carbono del Ejido Álvaro Obregón. The project description and location are found here. The project duration is 30 years, and the project start date May/12/2021 as indicated in Section 5 and Section 4.4 respectively. As of the date of this disclosure the project has issued 88,698 tonnes from improved forest management removals.

With respect to durability, the CAR Mexico Forest Protocol requires all credited GHG removals to remains stored in the forests for at least 100 years. However, projects may commit to maintaining carbon sequestered due to project activities for a minimum time commitment of 30 years, in which case credits are issued based on the proportion of carbon that is stored relative to the 100-year permanence period. Tonne-year accounting principles are used in the Protocol to quantify the relative proportion of carbon sequestered.
 

The Protocol employs multiple mechanisms that are designed to ensure credited GHG removals meet permanence obligations, such as:

  • A legal contract with the forest owner.
  • A formal commitment approved by the community or ejido in case of communal and ejido projects.
  • An insurance mechanism referred to as a Buffer Pool of credits based on a project's risk.
  • A long-term economic incentive that redistributes Buffer Pools dividends to compliant projects.

Projects must conduct their risk assessment using the CAR’s Mexico Forest Protocol methodology, which results in the determination of the project’s overall risk rating, expressed in percent. Projects must apply this percentage in the calculation of net CRTs to determine the buffer withholdings.6


If a reversal occurs, under CAR’s rules, project credits must be retired to compensate for the amount of credits reversed to ensure permanence of the Climate Reverse Toone (CRTs) already issued.