BP Hires Carbon Conscious to Plant Australian Forests (Update3)

11 November 2009

 Oct. 14 (Bloomberg) -- BP Plc, Europe’s second-largest oil company, hired Carbon Conscious Ltd. to plant gum-tree forests in Australia that will absorb greenhouse-gas emissions as businesses prepare for the introduction of climate-change laws.

Carbon Conscious will plant as many as 10 million eucalypt trees for BP next year on less-arable farmland in Western Australia’s wheat-growing areas, the Perth-based company said today. It cultivates mallee eucalypt trees that absorb and store emissions in their leaves, twigs and roots.