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 3: / Line 3: @@
 |LPAA 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=Hill+Knowlton Strategies, The Buckley Building, 49 Clerkenwell Green, London, EC1R 0EB, United Kingdom
+|Secretariat=OGCI Strategy and Policy Team, London, United Kingdom
-Email: OGCI@hkstrategies.com
+Email: contact@ogci.com
-|Organisational structure=Led by the CEOs of ten oil and gas companies
+|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
-|LPAA Theme Transport=No
+|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=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.
+|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.
-|Goals=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
+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.
-storage, reducing methane leaks from their operations, improving energy
-efficiency and cutting emissions from transport.
+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.
-|Participants companies number=13
-|Participants companies names=BP (United Kingdom), Chevron (USA), CNPC (China), Eni (Italy), ExxonMobil (USA), Occidental Petroleum (USA), Petrobras (Brazil), Repsol (Spain), Saudi Aramco (Saudi Arabia), Shell (Netherlands),Total (France).
+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.
+|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=2018
+|Number of members year=2022
-|Number of members value=13
+|Number of members value=12
 }}{{Number of members
 |Number of members year=2017
@@ Line 64: / Line 64: @@
 |Indicator=Technical dialogue;Knowledge dissemination and exchange;
 }}
-|Progress that has been made by your initiative=With the new arrivals of ExxonMobil, Chevron and Occidental Petroleum OGCI members provide about 30 per cent of global oil and gas production.
+|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 2017 OGCI Report is available at:
+|Available reporting=The 2021 OGCI Progress Report is available at:
-http://oilandgasclimateinitiative.com/wp-content/uploads/2017/10/OGCI-2017-Report.pdf
+https://www.ogci.com/ogci-releases-its-2021-progress-report/
-|Related initiatives=
+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/
 }}