OGCI is a CEO-led initiative comprised of 12 of the world’s leading energy companies, producing around a third of global oil and gas. OGCI focuses on leading the industry’s response to climate change and accelerating action towards a net zero future consistent with the Paris Agreement.
To achieve these ambitions, OGCI members are targeting net zero emissions at their own operations and collaborating with partners across the industry and in other sectors to urgently reduce global greenhouse gas emissions. Since 2017, OGCI’s member companies have collectively reduced their collective upstream methane emissions by 55% and upstream carbon intensity by 21%.
To support companies outside the group, OGCI focuses on partnering, capacity building and innovations to target key technologies and areas that can have the greatest impact on emissions reductions. OGCI’s current focus areas include carbon capture, utilization and storage (CCUS), methane emissions reduction and tackling emissions from transport including shipping and aviation.
Three pillars guide our action towards a net zero future consistent with the Paris Agreement aims.
OGCI’s advocacy is guided by clear principles and focuses on areas covered in our five position papers on:
OGCI’s governance structure and how we work together to accelerate the industry response to climate change includes:
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Learn more about OGCI – here are some of the frequently asked questions (FAQ).
OGCI is a climate initiative led by the CEOs of 12 major oil and gas companies working together to accelerate the industry’s action to achieve net zero emissions in the timeframe of the Paris Agreement.
OGCI’s members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Oxy, Petrobras, Repsol, Shell and TotalEnergies.
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 worked together, collaborating across the oil and gas sector and beyond to accelerate action to achieve net zero.
OGCI is working to achieve net zero emissions from oil and gas operations under our control by 2050 and helping partners achieve the same at non-operated assets.
Our members are also working with other companies throughout the oil and gas industry, collaborating and sharing knowledge and technologies to accelerate action to reduce methane emissions to near zero on the path to net zero operations.
Getting the entire oil and gas sector to net zero operations would remove around 10% (5 Gt CO2e/year) of global annual emissions.
OGCI also works with other sectors and industries, such as shipping, steel, chemicals, and cement, seeking and deploying solutions to help them to reduce their emissions.
Our activities to lower emissions include:
Since 2017, OGCI’s 12 member companies have reduced their collective upstream methane emissions by 55%, cut routine flaring by 53% and reduced carbon intensity by 21%.
Our members have also invested $95.8 billion in the low-carbon technologies and solutions needed for the energy transition, including renewables, biofuels, biogas, hydrogen and carbon capture.
OGCI’s member companies are involved in developing over 40 carbon capture, storage and utilization hub projects that will enable hard-to-abate industries such as cement, steel and chemicals to decarbonize, preserving jobs and creating new opportunities.
These CCUS hubs could eliminate as much as 400 million tonnes of CO2 a year by 2030 – equivalent to removing the UK’s emissions in 2023.
OGCI publishes an annual report tracking the progress of the 12 member companies across OGCI’s three strategic pillars: towards net zero operations, leading the industry and helping to decarbonize society.
Our member companies’ collective achievements on key indicators including operated greenhouse gas and methane emissions, flaring, and investment in low-carbon technologies, are published annually on our new Performance Data hub.
OGCI data is collected, reviewed and aggregated by EY, an independent third party.
OGCI is collaborating with many different organizations including think tanks, academia, NGOs and international organizations to amplify efforts to reduce methane emissions, decarbonize transport with low-carbon fuels and accelerate the development of CCUS and natural climate solutions.
This includes our partnerships with the World Bank, Payne Institute and Environmental Defense Fund on methane emissions reduction and our work through our flagship Satellite Monitoring Campaign and the Aiming for Zero methane emissions initiative that we launched.
We’re also working with partners and other stakeholders to develop and scale up CCUS hubs to decarbonize hard-to-abate industrial sectors like steel, cement and chemicals, and to support the development and wider adoption of low-carbon fuels for transport.
OGCI Climate Investments is now called Climate Investment and has moved to a new site. OGCI member companies are investors in funds managed by Climate Investment.
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.
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