The 12 members of the Oil and Gas Climate Initiative (OGCI) have for the first time set a joint goal to cut their greenhouse gas emissions as a proportion of output, amid growing pressure on the sector’s climate stance. OGCI members, including Saudi Aramco, China’s CNPC...
ExxonMobil has joined the Oil and Gas Climate Initiative (OGCI), in a sign that the oil major is beginning to scrutinise the role it is playing in global warming. The US-incorporated company declined to join the oil and gas industry’s flagship climate change project when it...
Brazil’s state-run oil firm Petrobras has revealed it will join the Oil and Gas Climate Initiative (OGCI) after it signed a letter of engagement to become a member of the global industry body. OGCI was launched in 2014 as a voluntary CEO-driven organisation which intends to...