Achieving deep emission cuts requires many different solutions and technologies.
OGCI’s current work includes reducing methane emissions, scaling up CCUS, developing low-carbon fuels for transport sectors such as shipping and aviation, energy efficiency in industry, and natural climate solutions.
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Experts from OGCI’s member companies work together to target key technologies and solutions that can have the greatest impact on emissions reductions in oil and gas and other industries.
The Role of Gas workstream focuses on actions that help to improve the climate performance of natural gas across the gas value chain, notably on methane emissions reduction and flaring.
The Carbon Capture Utilization and Storage (CCUS) workstream aims to identify and resolve barriers to CCUS deployment from industry, policy, regulatory and storage perspectives to help accelerate and scale a commercial CCUS industry.
The Transport workstream focuses on reducing emissions from transport sectors at scale, through low-carbon fuels and other solutions for hard-to-abate sectors like aviation, shipping and long-haul trucking.
The Energy Efficiency workstream identifies and prioritizes opportunities for energy efficiency in the energy sector through deployment of high-impact technologies and systems.
The Natural Climate Solutions workstream identifies opportunities for OGCI to contribute to improving the capacity of oceans, forests, grasslands, peat, mangroves and soil to act as natural sinks for carbon dioxide.
Low emission opportunities workstream is OGCI’s think-tank, exploring issues of relevance to mid- and long-term global emissions reduction.
Experts from OGCI’s member companies work together to target key technologies and solutions that can have the greatest impact on emissions reductions in oil and gas and other industries.
The Role of Gas workstream focuses on actions that help to improve the climate performance of natural gas across the gas value chain, notably on methane emissions reduction and flaring.
The Carbon capture utilization and storage (CCUS) workstream aims to identify and resolve barriers to CCUS deployment from industry, policy, regulatory and storage perspectives to facilitate the development of a commercial CCUS industry.
The Transport workstream focuses on actions to reduce carbon dioxide emissions from transport sectors on a significant scale, focusing on hard-to-abate sectors like aviation, shipping and long-haul trucks.
The Energy Efficiency workstream identifies and prioritizes opportunities for energy efficiency in the energy sector through deployment of high-impact technologies and systems.
The Natural Climate Solutions workstream identifies opportunities for OGCI to contribute to improving the capacity of oceans, forests, grasslands, peat, mangroves and soil to act as natural sinks for carbon dioxide.
The Low Emission Opportunities workstream is OGCI’s think-tank, exploring issues of relevance to mid- and long-term global emissions reduction. for the moment link to Net Zero Solutions landing page until we rework that.
OGCI’s taskforces are comprised of member company experts and focus on specific items to support OGCI’s progress.
The Reporting taskforce supports the accuracy and integrity of data collection and reporting on key performance indicators for OGCI.
The Communications taskforce supports OGCI’s communications team.
The Legal taskforce is responsible for ensuring compliance and risk management on behalf of members.
The number, composition and mandate of workstreams and taskforces evolve over time to maximize the impact and efficiency of OGCI’s actions and engagements.
Learn more about OGCI – here are some of the frequently asked questions.
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.
Decarbonizing the energy system is a complex task that requires collaboration. OGCI works with many partners to deliver its own initiatives and support efforts by others.
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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