Oil and gas firms agree 'unprecedented' $1bn climate funding

Michael Holder
clock • 3 min read

Oil and Gas Climate Initiative launch fund to accelerate CCS, cut methane emissions and boost transport and industry energy efficiency

A group of major oil and gas companies today unveiled plans to invest more than $1bn towards tackling climate change by accelerating development of low emissions technology such as CCS and energy efficiency...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

COP17: $1.3bn funding programme aims to improve rangelands and drought resilience

COP17: $1.3bn funding programme aims to improve rangelands and drought resilience

A new rangelands protection and restoration funding drive fronted by $1.2bn Flagship Initiative has been officially launched today

Stuart Stone
clock 24 August 2026 • 5 min read
'AI powerhouse': National Wealth Fund unlocks £300m investment in Scottish data centres

'AI powerhouse': National Wealth Fund unlocks £300m investment in Scottish data centres

Landmark funding to enable development of new data centres that promise to be powered by Scotland's expanding fleet of wind farms

Stuart Stone
clock 18 August 2026 • 5 min read
Lloyds targets £100bn in sustainable and transition finance by 2030

Lloyds targets £100bn in sustainable and transition finance by 2030

Bank unveils updated financing target alongside new Sustainable and Transition Finance Framework

Stuart Stone
clock 17 August 2026 • 2 min read