OGCI: COP28 Oil & Gas Decarbonization Charter an “important milestone” for the industry
The Oil and Gas Climate Initiative (OGCI) welcomed the COP28 presidency’s launch of the Oil & Gas Decarbonization Charter (OGDC) calling it an important milestone that will help align the broader oil and gas industry towards a net-zero future.
OGCI companies ramp up low-carbon investment, reduce emissions – Annual Report
Oil and Gas Climate Initiative (OGCI) member companies stepped up low-carbon investment in 2022 to $24.3 billion and increased activities to help other companies decarbonize while continuing to reduce emissions from operations to meet their target of net zero operations.
IEA report Emissions from Oil and Gas Operations in Net Zero Transitions
New IEA report highlights the need and means for the oil and gas industry to drastically cut emissions from its operations
OGCI welcomes US call to step up climate action
Following the fourth Major Economies Forum on Energy and Climate, US President Joe Biden unveiled a number of global initiatives, including the Carbon Management Challenge.
OGCI marks first submission to the Global Stocktake
OGCI is pleased to announce its contribution to the UNFCCC’s first-ever Global Stocktake.
OGCI releases 2022 Progress Report
OGCI’s annual Progress Report, Leadership with Impact, showed how the group os translating its three strategic pillars into action.
OGCI members reduce absolute methane emissions by 40% since 2017
OGCI’s 2021 performance data reveals that member companies’ absolute upstream methane emissions have fallen 40% since 2017.
OGCI members aim for zero methane emissions from oil and gas operations by 2030
OGCI today launched the Aiming for Zero Methane Emissions Initiative which calls for an all-in approach that treats energy industry methane emissions as seriously as the industry already treats safety.
OGCI launches The CCUS Hub platform to share learnings and identify new hubs
The web-based platform is designed to support regulators, emitters and potential hub developers interested in setting up CCUS hubs globally.
All OGCI member companies have announced net zero ambitions
OGCI is delighted that all member companies have now announced their intention to achieve net zero operations, covering Scope 1 and 2 emissions, within the timeframe set by the Paris Agreement.