Latest revision as of 12:56, 26 October 2022

General

Name of initiative	Oil and Gas Climate Initiative (OGCI)
LPAA initiative	No
NAZCA Initiative	Yes
Website address	https://www.ogci.com/
Related initiatives	https://aimingforzero.ogci.com/
Starting year	2014
End year
Secretariat	OGCI Strategy and Policy Team, London, United Kingdom Email: contact@ogci.com
Organisational structure	Led by the CEOs of 12 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	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. It aims to accelerate action towards a net zero emissions future consistent with the Paris Agreement. OGCI members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies. Together, OGCI member companies represent about 30% of global oil and gas production. OGCI members set up OGCI Climate Investments to create a US$1 billion-plus fund that invests in companies, technologies and projects that accelerate decarbonization within energy, industry, built environments and transportation. OGCI supports the goals of the Paris Agreement, limiting global warming to well below 2°C and pursuing efforts to limit it to 1.5°C, and recognizes that there is a real urgency to act. We support the need for the world to move to a net zero carbon emission future, also called carbon neutrality. This will require international collaboration and an energy transition and a reduction in greenhouse gas emissions from oil and gas. OGCI and its members companies, by taking individual and collective actions, will help accelerate the energy transition through deep reductions in greenhouse gases. All OGCI member companies aim to reach net zero emissions from operations under their control1, and also leverage their influence to achieve the same in non-operated assets, within the timeframe set by the Paris agreement, recognizing that we have many, but still not all, the answers needed to get there. We will continue to stay action-oriented, continue to report transparently, and update our ambitions as we progress towards net zero. Our updated set of ambitions include reducing upstream methane emissions intensity to well below 0.20% by 2025, bringing carbon intensity from our upstream operations down to 17.0 kg CO2e per barrel of oil equivalent by 2025 and bringing routine flaring to zero2 by 2030. These are important near-term steps on this journey. By 2025, this could bring an additional reduction of around 50 million tonnes of CO2 equivalent per year. Our success will rely on acceleration of innovative and large-scale solutions such as applications of efficiency measures, sharing of best practices, electrification, hydrogen solutions, and carbon capture utilization and storage (CCUS), methane leak detection and elimination, bioenergy as well as responsible investments in natural climate solutions (NCS). In addition to collaborating and investing together with industry, it is essential for governments to develop enabling policies and regulations to provide certainty for long-term, large-scale profitable investments needed to reduce emissions. We encourage the implementation of explicit mechanisms giving a value to carbon, such as explicit or implicit carbon prices or incentives.
Objectives
Activities
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	Our updated set of ambitions include reducing upstream methane emissions intensity to well below 0.20% by 2025, bringing carbon intensity from our upstream operations down to 17.0 kg CO2e per barrel of oil equivalent by 2025 and bringing routine flaring to zero by 2030. These are important near-term steps on this journey. By 2025, this could bring an additional reduction of around 50 million tonnes of CO2 equivalent per year.
How are you tracking progress of your initiative
Available reporting	The 2021 OGCI Progress Report is available at: https://www.ogci.com/ogci-releases-its-2021-progress-report/ The 2021 OGCI Performance Data Report is available at: https://www.ogci.com/ogci-members-reduce-absolute-methane-emissions-by-40-since-2017/

Participants

Participants

Number

Names

Members

12

Companies

12

Aramco (Saudi Arabia),bp (United Kingdom),Chevron (USA),CNPC (China),Eni (Italy),Equinor (Norway),ExxonMobil (USA),Occidental Petroleum (USA),Petrobras (Brazil),Repsol (Spain),Shell (Netherlands),TotalEnergies (France).

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

Faith based organisations

0

Other members

0

Supporting partners

0

Number of members in the years

2017

10

2022

12

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
Yes	No	No	No	No	No	Yes	No	No	Yes	Yes	Yes	No	Yes	No	Yes	No	No	No	No	No	No

Last update: 26 October 2022 11:56:41

Not only have national states as participators

@@ Line 2: / Line 2: @@
 |Name of initiative=Oil and Gas Climate Initiative (OGCI)
 |LPAA initiative=No
-|NAZCA Initiative=No
+|NAZCA Initiative=Yes
-|Website address=http://www.oilandgasclimateinitiative.com/
+|Website address=https://www.ogci.com/
+|Related initiatives=https://aimingforzero.ogci.com/
 |Starting year=2014
-|Secretariat= e-mail: OGCI@hkstrategies.com
+|Secretariat=OGCI Strategy and Policy Team, London, United Kingdom
-|Organisational structure=Led by the CEOs of ten oil and gas companies
+Email: contact@ogci.com
+|Organisational structure=Led by the CEOs of 12 oil and gas companies
 |Geographical coverage=Global
-|Type of initiative=Technical dialogue
-|Primary function=Knowledge dissemination and exchange
 |Name of lead organisation=Oil and Gas Climate Initiative (OGCI)
 |Type of lead organisation=Network/Consortium/Partnership
-|LPAA Theme Transport=No
+|Location/Nationality of lead organisation=United Kingdom
+|LPAA Theme Transport=Yes
 |LPAA Theme Agriculture=No
 |LPAA Theme Forestry=No
@@ Line 18: / Line 19: @@
 |LPAA Theme Financial institutions=No
 |LPAA Theme Buildings=No
-|LPAA Theme Industry=No
+|LPAA Theme Industry=Yes
 |LPAA Theme Waste=No
 |LPAA Theme Cities and subnational governments=No
 |LPAA Theme Short Term Pollutants=Yes
-|LPAA Theme International maritime transport=No
+|LPAA Theme International maritime transport=Yes
-|LPAA Theme Energy Supply=No
+|LPAA Theme Energy Supply=Yes
 |LPAA Theme Fluorinated gases=No
-|LPAA Theme Energy efficiency=No
+|LPAA Theme Energy efficiency=Yes
 |LPAA Theme Renewable energy=No
 |LPAA Theme Supply chain emission reductions=Yes
@@ Line 34: / Line 35: @@
 |LPAA Theme Energy Access and Efficiency=No
 |LPAA Theme Private Finance=No
-|Description=OGCI was established following discussions during the 2014 World Economic Forum Annual Meeting, and was officially launched at the UN Secretary General’s Climate Summit in New York in September 2014.
+|Description= 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. It aims to accelerate action towards a net zero emissions future consistent with the Paris Agreement. OGCI members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies. Together, OGCI member companies represent about 30% of global oil and gas production. OGCI members set up OGCI Climate Investments to create a US$1 billion-plus fund that invests in companies, technologies and projects that accelerate decarbonization within energy, industry, built environments and transportation.
-Through the Oil and Gas Climate Initiative, it is envisaged that Oil and Gas companies will work together collaboratively and share best practices and technical solutions to address climate change and sustainable energy.
-|Goals=Member companies commit to:
-Share best practices to enhance overall standards and environmental performance
-Develop common methodologies to measure climate-related impacts and contributions to solutions
-Design a reporting process that enables the voluntary pooling of efforts and the communication of progress as a group to external stakeholders
+OGCI supports the goals of the Paris Agreement, limiting global warming to well below 2°C and pursuing efforts to limit it to 1.5°C, and recognizes that there is a real urgency to act.
-Facilitate and deepen engagement in international multi-stakeholder specific solutions and initiatives as well as the design of shared roadmaps
+We support the need for the world to move to a net zero carbon emission future, also called carbon neutrality. This will require international collaboration and an energy transition and a reduction in greenhouse gas emissions from oil and gas.
-Engage with other industries to identify and build climate related synergies
+OGCI and its members companies, by taking individual and collective actions, will help accelerate the energy transition through deep reductions in greenhouse gases.
-|Activities=OGCI provides a full spectrum on what the sector is currently doing to address climate change, and what it is prepared to do, collectively, going forward.
-To date, OGCI has been focusing on three key areas: role of natural gas, carbon reduction instruments and tools, and long term solutions. Members have been sharing best practice amongst each other, as well as seeking views from a diverse group of external stakeholders.
+All OGCI member companies aim to reach net zero emissions from operations under their control1, and also leverage their influence to achieve the same in non-operated assets, within the timeframe set by the Paris agreement, recognizing that we have many, but still not all, the answers needed to get there.
-|Participants=Current members of the initiative are BG Group, BP, Eni, PEMEX, Repsol, Saudi Aramco, Shell, Statoil and TOTAL. This group represents diverse national and international companies and together constitutes a significant share of global oil and gas production. OGCI members produce more than 26 million barrels of oil equivalent a day – over one-sixth of the world’s total oil and gas production. Members work together, but each company defines the scope and parameters of their contribution to the initiative.
-|Funders=Members
+We will continue to stay action-oriented, continue to report transparently, and update our ambitions as we progress towards net zero. Our updated set of ambitions include reducing upstream methane emissions intensity to well below 0.20% by 2025, bringing carbon intensity from our upstream operations down to 17.0 kg CO2e per barrel of oil equivalent by 2025 and bringing routine flaring to zero2 by 2030. These are important near-term steps on this journey. By 2025, this could bring an additional reduction of around 50 million tonnes of CO2 equivalent per year.
-|Business organisations=10
-|Members=BG Group, BP, Eni, PEMEX, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and TOTAL
+Our success will rely on acceleration of innovative and large-scale solutions such as applications of efficiency measures, sharing of best practices, electrification, hydrogen solutions, and carbon capture utilization and storage (CCUS), methane leak detection and elimination, bioenergy as well as responsible investments in natural climate solutions (NCS).
+In addition to collaborating and investing together with industry, it is essential for governments to develop enabling policies and regulations to provide certainty for long-term, large-scale profitable investments needed to reduce emissions. We encourage the implementation of explicit mechanisms giving a value to carbon, such as explicit or implicit carbon prices or incentives.
+|Participants companies number=12
+|Participants companies names=Aramco (Saudi Arabia), bp (United Kingdom), Chevron (USA), CNPC (China), Eni (Italy), Equinor (Norway), ExxonMobil (USA), Occidental Petroleum (USA), Petrobras (Brazil), Repsol (Spain), Shell (Netherlands),TotalEnergies (France).
+|Number of members={{Number of members
+|Number of members year=2022
+|Number of members value=12
+}}{{Number of members
+|Number of members year=2017
+|Number of members value=10
+}}
 |Have only national states as participators=No
-|Related initiatives=
+|Indicators information={{Indicators information
-|Target in line with 2C=Unclear
+|Indicator=Technical dialogue;Knowledge dissemination and exchange;
-|Monitoring and Reporting=Yes
+}}
+|Progress that has been made by your initiative=Our updated set of ambitions include reducing upstream methane emissions intensity to well below 0.20% by 2025, bringing carbon intensity from our upstream operations down to 17.0 kg CO2e per barrel of oil equivalent by 2025 and bringing routine flaring to zero by 2030. These are important near-term steps on this journey. By 2025, this could bring an additional reduction of around 50 million tonnes of CO2 equivalent per year.
+|Available reporting=The 2021 OGCI Progress Report is available at:
+https://www.ogci.com/ogci-releases-its-2021-progress-report/
+The 2021 OGCI Performance Data Report is available at:
+https://www.ogci.com/ogci-members-reduce-absolute-methane-emissions-by-40-since-2017/
+|Related initiatives=https://aimingforzero.ogci.com/
 }}