Oil and Gas Climate Initiative
Leading the industry response to climate change
Read more New OGCI strategy
Read more Climate Investments in action
Read more Project to assess potential emissions impact of nascent technologies
Climate Investments News
Read more Explore the updated
CO2 Storage Catalogue
Read more Putting a stop to flaring
Reducing emissions
OGCI PROGRESS REPORT 2021
Accelerating ambition & action
In this year’s report we outline the three pillars of OGCI’s new net zero strategy, highlight the progress made in 2021 by OGCI and Climate Investments, and explore the collective initiatives underway as we build an accelerated action platform to match our strategic ambition.
OGCI’s net zero strategy
In 2021, OGCI’s member company CEO aligned on a new strategy, with accelerated ambition, focused on 3 pillars:
- Towards net zero operations
- Leading the oil and gas industry
- Acting to help decarbonize society
Making progress on our targets and initiatives
Between 2017 and 2020, OGCI member companies achieved:
0
%
Reduction in absolute methane emissions from upstream operations
0
%
Reduction in greenhouse gas emissions from flaring
0
%
Reduction in upstream carbon intensity
0
CCUS hubs in planning with OGCI member company involvement
Driving faster decarbonization
By the end of 2021, OGCI Climate Investments had:
~
0
Million tonnes of CO2e impact delivered
0
Investments in total
0
+
Pilots or deployments with an OGCI member company
0
New and follow-on investments in 2021
- AMBITION
OGCI’s net zero strategy
In 2021, OGCI’s member company CEO aligned on a new strategy, with accelerated ambition, focused on 3 pillars:
- Towards net zero operations
- Leading the oil and gas industry
- Acting to help decarbonize society
- ACTION
Making progress on our targets and initiatives
Between 2017 and 2020, OGCI member companies achieved:
0%Reduction in absolute methane emissions from upstream operations
0%Reduction in greenhouse gas emissions from flaring
0%Reduction in upstream carbon intensity
0CCUS hubs in planning with OGCI member company involvement
- INVESTMENT
Driving faster decarbonization
By the end of 2021, OGCI Climate Investments had:
~0Million tonnes of CO2e impact delivered
0Investments in total
0+Pilots or deployments with an OGCI member company
0New and follow-on investments in 2021
Collective action & engagement
We work with member companies and collaborate broadly to accelerate the pace and scale of action.
OGCI Climate Investments
$1bn+ to implement and scale low carbon solutions in oil and gas, industrials and commercial transportation.
