Oil and Gas Climate Initiative

General

Name of initiative Oil and Gas Climate Initiative (OGCI)
LPAA initiative No
NAZCA Initiative No
Website address http://www.oilandgasclimateinitiative.com/
Related initiatives
Starting year 2014
End year
Secretariat Hill+Knowlton Strategies, The Buckley Building, 49 Clerkenwell Green, London, EC1R 0EB, United Kingdom

Email: OGCI@hkstrategies.com

Organisational structure Led by the CEOs of ten oil and gas companies
Geographical coverage Global
Name of lead organisation Oil and Gas Climate Initiative (OGCI)
Type of lead organisation Network/Consortium/Partnership
Location/Nationality of lead organisation United Kingdom

Description

Description Oil & Gas Climate Initiative (OGCI) is a voluntary, CEO-led initiative which aims to lead the industry response to climate change. Launched at the UN Secretary General’s Climate Summit in New York in September 2014, OGCI is currently made up of ten oil and gas companies that pool expert knowledge and collaborate on action to reduce greenhouse gas emissions. OGCI Climate Investments is the billion-dollar investment fund created last year by OGCI. The fund invests in promising technologies and business models that have the potential to significantly reduce greenhouse gas emissions.
Objectives OGCI is committed to the direction set out by the Paris Agreement on climate change. Member companies support its agenda for global action and the need for urgency. Through collaboration in Oil and Gas Climate Initiative (OGCI), we can be a catalyst for change in our industry and more widely.

OGCI aims to increase the ambition, speed and scale of the initiatives we undertake as individual companies to reduce the greenhouse gas footprint of our core oil and gas business – and to explore new businesses and technologies. OGCI is keen to work with our partners, customers and policy makers, acting as a catalyst for wider investment. We aim to achieve this by collaborating with partners and by sharing knowledge and collective resources to accelerate the use of innovative solutions. OGCI Climate Investments will develop and accelerate the commercial deployment of innovative low emissions technologies. These have the potential to reduce greenhouse gas emissions on a significant scale during the next decade.

Activities OGCI focuses its initiatives on areas where we believe we can make the most impact on greenhouse gas emissions now and remove obstacles to the development, deployment and scale-up of technologies needed to achieve long-term climate goals.

We collaborate and invest with others to bring scale and greater speed to emission reductions to the oil and gas value chain. Our working groups have four main areas of focus: • Carbon capture, utilization and storage • Reducing methane emissions • Improving energy efficiency in industry • Reducing transport emissions.

The members also each contribute $100m to the initiative’s investment fund, which puts money into technologies including carbon capture, utilisation and storage, reducing methane leaks from their operations, improving energy efficiency and cutting emissions from transport.

One or two success stories achieved

Monitoring and Impacts

Function of initiative Technical dialogue
Activity of initiative Knowledge dissemination and exchange
Indicators
Goals
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals With the new arrivals of ExxonMobil, Chevron and Occidental Petroleum OGCI members provide about 30 per cent of global oil and gas production.
How are you tracking progress of your initiative
Available reporting The 2017 OGCI Report is available at:

http://oilandgasclimateinitiative.com/wp-content/uploads/2017/10/OGCI-2017-Report.pdf

Participants

Participants Number Names
Members 13  
Companies 13 BP,Chevron,CNPC,Eni,ExxonMobil,Occidental Petroleum,PEMEX,Petrobras,Repsol,Saudi Aramco,Shell,Statoil and TOTAL.
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 0
Other members 0
Supporting partners 0
Number of members in the years
2017
10
2018
13
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No No No No No No No Yes No No No No No Yes No No No No No No
Last update: 21 September 2018 07:45:38

Not only have national states as participators