OGCI commissioned E4tech and AVL to study the well-to-wheel emissions reduction potential of a broad variety of reformulated, blended and alternative transport fuels, covering all modes of transport, including passenger and commercial road transport, maritime and aviation.
The Oil and Gas Climate Initiative (OGCI) has today announced a technical and financial sponsorship commitment of nearly $1M USD to the Payne Institute for Public Policy (PIPP) at Colorado School of Mines, to develop a transparent web platform to support real-time mapping and tracking of global gas flaring data.
If one message has remained front of mind in the climate debate through this year of unexpected events and uncertainties, it is the need to reduce methane emissions urgently to effectively tackle climate change. Methane is responsible for around a quarter of today’s global warming, according to the IPCC, and emissions are growing.
This is a further step in support of the Paris Agreement by the companies leading the oil and gas industry response to climate change
OGCI member companies have set a short-term target to reduce the carbon intensity of their aggregated upstream oil and gas operations by 2025. This requires all member companies – including those with lower carbon intensity levels – to put initiatives in place now and over the next five years to reduce carbon dioxide and methane emissions in the short term.
Brazil’s Petrobras has released its second climate supplement, outlining its climate commitments and explicitly supporting the Task Force on Climate-Related Financial Disclosures (TCFD).
China’s largest oil and gas producer, CNPC, has announced a new target to reduce methane emission intensity by 50% between 2019 and 2025. The OGCI member company is aiming to move to the forefront of methane emissions management.
Last year, OGCI launched its KickStarter initiative to facilitate large-scale commercial investment in CCUS, by enabling low-carbon industrial hubs around the world. In parallel, the $1B+ OGCI Climate Investments fund has invested in CCUS projects and technologies that open up new areas of opportunity.
The CO2 Storage Resource Catalogue is a pioneering initiative to accelerate the deployment of carbon capture, utilization and storage (CCUS) by supporting the consistent evaluation of storage resources.
Join us as OGCI holds conversations with youth around the world.
