More majors back green moves
The signing up of three top US energy firms gives a boost to an industry-led climate-change initiative
President Donald Trump says it's not happening, but a string of American energy giants beg to differ. After remaining in the shadows for four years, Chevron, ExxonMobil and Occidental Petroleum have finally committed themselves to fight climate change by joining the Oil and Gas Climate Initiative (OGCI). A group of energy companies in 2014 came up with the idea of the industry taking a lead and sharing experiences in tackling climate change. Today, 13 companies around the world have committed to OGCI. Aside from those that joined in late September, the group comprises BP, China's CNPC, Eni, Equinor, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total. In all, these companies represent ar
Also in this section
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies