OGCI aims to accelerate the reduction of member companies’ operational emissions and works with a wide range of stakeholders in industry, transport and buildings to accelerate decarbonization solutions.
Includes CO2 and
methane emissions
Covers operated upstream
oil and gas assets
Promotes near-term action
Reported and independently reviewed annually
Consistent with the aims of the Paris Agreement
Improve energy efficiency
Co-generate electricity and useful heat
Zero routine flaring by 2030
Electrify operations with renewables where possible
Near zero methane emissions
OGCI member companies aim to reduce the average carbon intensity of their upstream oil and gas operations from 23 kg of greenhouse gases per barrel of oil equivalent in 2017 to 17 kg by 2025. In 2021, they reached 18.9 kg, an improvement of 17% over the 2017 baseline.
Includes CO2 and methane emissions
Covers operated upstream oil and gas assets
Practical near-term step
Reported and independently reviewed annually
Consistent with support for Paris goals
Improve energy efficiency
Co-generate electricity and useful heat
Zero routine flaring
Electrify operations with renewables where possible
Near zero methane emissions
Member companies are focusing on flaring reduction, efficiency improvements, electrification and the integration of renewables in their operations.
Reducing the upstream carbon intensity of Equinor’s oil operations is a major component of its ambition to reach net zero emissions by 2050. Most offshore oil production is powered by CO₂-emitting gas turbines and on average, about 15 kg of CO2 were generated for each barrel of oil equivalent (boe) produced worldwide in 2021.
Eni is using solar energy as a hybrid power option across a series of their oil and gas operations in emerging countries.
In 2018 Petrobras announced its support for the World Bank’s Zero Routine Flaring by 2030 initiative.
Total Energies launched its US$300 million Energy Efficiency Plan in 2018, aiming to reduce greenhouse gas emissions in its refining and chemicals operations by around one million tonnes of carbon dioxide per year.
Equinor has eliminated 2 million tonnes of annual CO2 emissions from its Norwegian operations over the past decade through energy efficiency initiatives.
Having reduced upstream operated carbon intensity by 20% since 2014, Eni is on track to achieve its company target of 43% reduction by 2025.
Chevron’s new solar plant is expected to provide approximately 80% of energy needs at the Lost Hills oil field
The Cracker of the Future consortium plans to develop technologies that can heat 800°C+ furnaces with electricity instead of fossil fuels.
We invest in solutions that improve energy efficiency in transport, buildings and industry.
Boston Metal has developed a novel technology that enables a more efficient, more environmentally sustainable, and less costly production of critical metals, including steel.
Aeroseal is a climate tech company shrinking carbon emissions from residential and commercial buildings
Turntide invents and scales breakthrough technologies to optimize how the world uses energy and accelerate the transition to 100% clean energy. Our solutions redefine sustainability as both an environmental benefit and a business profit driver.
Converge is a technology company accelerating decarbonization in the construction sector.
Qnovo is a battery management pioneer providing software that manages Li-ion batteries, enabling greater capacity utilization, extended battery life, faster charging and predictive analytics for battery recall avoidance and failure prevention.
Norsepower designs and manufactures mechanical rotor sails that provide auxiliary propulsion power for large ships, reducing their fuel consumption and associated emissions.
Spruce Power, formerly known as XL Fleet, owns and operates distributed solar energy assets. CI invested in XL FLeet in 2019, when the firm was providing efficient commercial vehicle electrification solutions.
ZincFive, a leader in innovation and delivery of nickel-zinc battery solutions with over 90 patents awarded, leverages safe and sustainable nickel-zinc chemistry within its solutions to provide high power density and performance.
Achates is developing high fuel-efficiency opposed-piston engines that aim to significantly reduce carbon dioxide and nitrogen oxide emissions.
METRON is a French cleantech company that uses AI technology to increase energy efficiency and productivity for industrial facilities while also delivering substantial cost savings.
75F delivers significant energy savings to commercial buildings with predictive, proactive automation of HVAC and lighting systems through a suite of wireless sensors, equipment controllers and cloud-based software.
