This edition's top story
OGCI (Oil and Gas Climate Initiative)
Delivering solutions for a net zero future
This year marks a decade since OGCI’s launch at the 2014 UN Climate Summit. Over the past 10 years, our member companies have worked collectively to transform OGCI into a leader in the global effort to achieve net zero.?
OGCI members have worked together, collaborated across our sector and reached out beyond the oil and gas industry. This has helped to refine our approach and extend our influence and impact.??
Since 2017, our member companies have collectively invested $65 billion in low-carbon technologies, halved their operated upstream methane emissions and cut routine flaring by 45%. At COP28 last year, OGCI helped set up and launch The Oil & Gas Decarbonization Charter (OGDC) . The Charter mobilizes more than 50 oil and gas companies – many from emerging economies - to reduce their emissions.??
Bj?rn Otto Sverdrup , our Executive Committee Chair, shares his reflections on OGCI’s collective achievements over the past 10 years and sets out what’s to come:?
In case you missed it
We partnered with the Global Centre for Maritime Decarbonisation (GCMD) to work on a range of solutions to decarbonize the shipping industry. This collaboration builds on our marine carbon capture study to demonstrate end-to-end onboard carbon capture. The findings from Phase 1 of this project will be published later this year.??
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Our recent study with Boston Consulting Group identified key opportunities and enablers to spur the growth of a market for captured carbon dioxide and unlock the potential of carbon capture capture, utilization and storage projects, which are critically important to achieve net zero.?
At CERAWeek this year, eight of our member company CEOs took part in a strategic roundtable highlighting the importance of leadership, collective action and collaboration to achieve net zero ambitions.??
Coming up
OGCI representatives will be at the following events over the next few months. Why not say hello and join the conversation:
CFO Petrobras Bolivia
4 个月I am sure the company will keep delivering results in reducing the carbon footprint in oil and gas operations. Great 10 years! Congratulations to the hole team!