Oil and Gas Climate Initiative
|Name of initiative||Oil and Gas Climate Initiative (OGCI)|
|Secretariat|| Hill+Knowlton Strategies, The Buckley Building, 49 Clerkenwell Green, London, EC1R 0EB, United Kingdom
|Organisational structure||Led by the CEOs of ten oil and gas companies|
|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||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|
|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:|
|Companies||12||BP (United Kingdom),Chevron (USA),CNPC (China),Eni (Italy),Equinor (Norway),ExxonMobil (USA),Occidental Petroleum (USA),Petrobras (Brazil),Repsol (Spain),Saudi Aramco (Saudi Arabia),Shell (Netherlands),Total (France).|
|Research and educational organisations||0|
|Regional / state / county actors||0|
|City / municipal actors||0|
|Faith based organisations||0|
|Number of members in the years|| |
|Have only national states as participators||No|
|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|
Not only have national states as participators