OGCI is a CEO-led initiative comprised of 12 of the world’s leading energy companies, producing around a third of global oil and gas. OGCI focuses on leading the industry’s response to climate change and accelerating action towards a net zero future consistent with the Paris Agreement.
To achieve these ambitions, OGCI members are targeting net zero emissions at their own operations and collaborating with partners across the industry and in other sectors to urgently reduce global greenhouse gas emissions. Since 2017, OGCI’s member companies have collectively reduced their upstream methane emissions by 50% and upstream carbon intensity by 21%.
To support companies outside the group, OGCI focuses on partnering, capacity building and innovations to target key technologies and areas that can have the greatest impact on emissions reductions. OGCI’s current focus areas include carbon capture, utilization and storage (CCUS), methane emissions reduction and tackling transport emissions.
Three pillars guide our action towards a net zero future consistent with the Paris Agreement aims.
OGCI’s advocacy is guided by clear principles and focuses on areas covered in our five position papers on:
OGCI’s governance structure and how we work together to accelerate the industry response to climate change includes:
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Learn more about OGCI – here are some of the frequently asked questions (FAQ).
OGCI is a climate initiative led by the CEOs of 12 major oil and gas companies working together to accelerate the industry’s action to achieve net zero emissions in the Paris Agreement timeframe.
OGCI’s members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Oxy, Petrobras, Repsol, Shell and TotalEnergies.
OGCI is focused on achieving net zero from oil and gas operations under its control by 2050 and helping partners achieve the same at non-operated assets by sharing what we’ve learned across the industry.
The prize is big: Getting the entire oil and gas sector to net zero operations would remove around 10% (5 Gt CO2e/year) of global annual emissions.
Our activities to lower emissions include:
Since 2017, OGCI’s 12 member companies have collectively halved their upstream methane emissions, cut flaring by 45% and reduced carbon intensity by 21%.
And our members have invested $65 billion in low-carbon technologies, such as renewables, biofuels and carbon capture.
Our member companies are involved in developing over 40 CCUS hub projects that will enable hard-to-abate industries such as cement, steel and chemicals to decarbonize, preserving jobs and creating new opportunities.
These CCUS hubs could eliminate around 300 million tonnes of CO2 a year by 2030 – equivalent to removing the emissions from around 70 million passenger vehicles.
OGCI publishes an annual report tracking the progress of its member companies on key performance indicators including Scope 1 operated greenhouse gas emissions, methane emissions, flaring, and investment in low-carbon technologies
OGCI is continually improving data collection methodologies and processes as well as adding new aggregate indicators as they become relevant. EY, an independent third party, collects and reviews OGCI data.
OGCI is collaborating with many different organizations including think tanks, academia and international organizations to amplify efforts to reduce methane emissions, decarbonize transport with low-carbon fuels and accelerate the development of CCUS and natural climate solutions.
This includes our partnerships with the World Bank, Payne Institute and Environmental Defense Fund on methane emissions reduction and our work through our flagship Satellite Monitoring Campaign and the Aiming for Zero methane emissions initiative that we launched.
We’re also working with partners and other stakeholders to develop and scale up CCUS hubs to decarbonize hard-to-abate industrial sectors like steel, cement and chemicals, and to support the development and wider adoption of low-carbon fuels for transport.
OGCI Climate Investments is now called Climate Investment and has moved to a new site. OGCI member companies are investors in funds managed by Climate Investment.
