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09/27/2019 News

Oil and Gas Climate Initiative announces progress towards methane target and new CCUS initiative to scale up actions towards climate goals

OGCI

 

The Oil and Gas Climate Initiative (OGCI) announced further initiatives to accelerate the reduction of greenhouse gas emissions and support the goals of the Paris Agreement, ahead of OGCI’s annual event in New York City.

Key takeaways:

•   Launch of new KickStarter initiative to boost large-scale commercial carbon capture, use and storage (CCUS) worldwide; 
•   OGCI member companies on track to achieve methane intensity target  having reduced collective methane intensity by 9  % in 2018;
•   Announce of the OGCI Climate Investments funds’ latest investments in low-carbon technologies and projects.