OGCI (Oil and Gas Climate Initiative)

About OGCI (Oil and Gas Climate Initiative)

The Oil and Gas Climate Initiative is a CEO-led initiative comprised of 12 of the world’s leading oil and gas companies, producing around 25% of global oil and gas on an operated basis. OGCI aims to lead the oil and gas industry’s response to climate change and accelerate action towards a net zero emissions future consistent with the timeframe of the Paris Agreement. Since 2017, OGCI members have reduced their aggregate upstream methane intensity by 62%, routine flaring by 72%, and carbon intensity by 24% and shared best practices across the industry to accelerate emissions reductions. OGCI members have also invested a cumulative total of $125 billion in low-carbon technologies and solutions since 2017. In 2016, OGCI launched Climate Investments to manage a $1 billion fund to develop and accelerate the commercial deployment of low emissions technologies. In 2023, OGCI helped establish the Oil & Gas Decarbonization Charter (OGDC), which was launched at COP28 in Dubai. OGDC is a coalition of 56 companies with activities across more than 100 countries working to decarbonize the oil and gas sector at scale. OGCI’s members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies.