Oil and Gas Climate Initiative to invest $1B over 10 years in low-emissions tech
Green Car Congress
NOVEMBER 4, 2016
The Oil and Gas Climate Initiative (OGCI) will invest $1 billion over the next ten years to develop and to accelerate the commercial deployment of innovative low-emissions technologies. Led by the heads of ten oil and gas companies that aim to lead the industry response to climate change, OGCI member companies—BP, CNPC, Eni, Pemex, Reliance Industries, Repsol, Royal Dutch Shell, Saudi Aramco, Statoil and Total—together represent one fifth of the world’s oil and gas production.