"The
OGCI will announce soon that we'll take some steps forward in developing, promoting and investing in CCUS."
OGCI has committed $1 billion to investments and R&D that can reduce methane leakage, reduce CO2 emissions, and further develop carbon capture and storage technology.
The
OGCI consortium is responsible for a $1bn+ fund which aims to investin technologies and business models which lower the carbon footprint of the energy and industrial sectors.
At the New York meeting, the CEOs of the
OGCI's 10 existing member companies and three new members - ExxonMobil, Chevron, and Occidental - discussed the industry's approaches to decrease greenhouse gas emissions with key stakeholders.
Saudi Aramco, a founding member of the
OGCI, joined several major oil and gas companies and key energy and climate leaders for the fourth annual meeting of
OGCI in New York.
On October 16, 2015, just weeks before the Paris Summit,
OGCI released its Joint Collaborative Declaration (the Declaration).
At the event, Nasser joined fellow oil and gas CEOs and key energy and climate leaders to announce major investments in promising low-emission technologies to be implemented by the
OGCI Climate Investments, the investment arm of
OGCI.
BANKING AND CREDIT NEWS-March 15, 2017-Citi named sole banking provider for
OGCI cash management, commercial card services
M2 EQUITYBITES-March 15, 2017-Citi named sole banking provider for
OGCI cash management, commercial card services