Read our latest Progress Report 2024

Oil and Gas Climate Initiative

Net zero solutions

Achieving the deep emission cuts needed to reach net zero requires a transformation in the way energy is produced and consumed. That calls for many different solutions and low-carbon technologies. There is no single solution.

OGCI focuses on building and strengthening the foundations to enable this transition to happen as smoothly and quickly as possible. We:

Provide practical, actionable analysis underpinned by data to help decarbonize oil and gas operations.
Find solutions to decarbonize transport, leveraging our members’ extensive expertise producing and supplying reliable transport fuels.
Work on the important role that natural climate solutions could play to complement decarbonization of the energy sector.

QUICK Links

Decarbonizing oil and gas

Decarbonizing transport

Natural climate solutions

Roadmap to decarbonize refining

OGCI reports shows:

Decarbonizing the refinery sector will be important to reaching net zero
Electrification can reduce over 65% of refinery CO2 emissions by 2040 if there is sufficient low-carbon power available
Electric boilers and electric drives for condensing turbines are the first priority

How the shipping sector can cut CO2

Pathways:

Early pursuit of zero carbon fuels for new ships
Moderate uptake of interim and drop in fuels
Maximize decarbonization with carbon capture and alternative fuels

Net Zero Solutions at a glance

Our impact

Oil and gas operations

of global GHG emissions

0 %

Transport sector

of transport sector CO2

0 %

Natural climate solutions

of CO2 reductions needed

0 %

See what we're doing

Read our latest progress report

Net zero solutions

Related resources

Biomass for Marine 2025

March 13, 2025

The study aims to inform the industry’s ongoing efforts to meet the International Maritime Organization’s (IMO) target to achieve net-zero greenhouse gas emissions by 2050.

Net Zero 2050: Energy Demand Dynamics across the Transportation Sector

November 25, 2024

A new study from OGCI and FEV Consulting looks at pathways to enable a transition to sustainable, low-carbon transportation across key regions.

Project Remarccable Full Report and Key Findings

October 10, 2024

Project REMARCCABLE developed a prototype design for an Onboard Carbon Capture and Storage (OCCS) system for integration onto Stena Impero, an MR Tanker owned and operated by Stena Bulk.

The Oil and Gas Climate Initiative is a CEO-led organization bringing together 12 of the largest oil and gas companies worldwide to lead the industry’s response to climate change.

OGCI

Path to Net Zero

OGCI Progress

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