Is the OGCI's $1bn climate investment really a great leap forward for the oil and gas industry?

Michael Holder
clock • 9 min read

10 oil and gas firms are investing $1bn over 10 years into low carbon tech - should we be impressed?

Even by the standards of the tense and inglorious history of relations between the fossil fuel industry and environmentalists, the reaction to the news 10 major oil and gas firms are to invest $1bn over...

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

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

'A crucial buffer against expensive gas': Britain's wind farms set 'world leading' generation record

BSI unveils UK investment standards to combat 'greenwashing' in nature markets

More on Energy

IEA signals clean tech market could more than double to $3tr by 2035
Energy

IEA signals clean tech market could more than double to $3tr by 2035

New report on clean technology manufacturing predicts continued rapid growth, as OECD highlights how 'renewable energy generation and energy efficiency can enhance economic security'

James Murray
James Murray
clock 26 March 2026 • 5 min read
'Installation boom': Solar and heat pump sales surge as Middle East conflict escalates
Energy

'Installation boom': Solar and heat pump sales surge as Middle East conflict escalates

New figures reveal demand for domestic clean technologies has increased sharply, as households look to better insulate themselves against rising oil and gas prices

Amber Rolt
clock 26 March 2026 • 4 min read
Iran War: Businesses facing gas bill hikes of up to 80 per cent
Energy

Iran War: Businesses facing gas bill hikes of up to 80 per cent

Latest analysis from Cornwall Insight warns businesses have already seen gas costs rise by nearly 60 per cent, further strengthening the business case for renewables

James Murray
James Murray
clock 25 March 2026 • 7 min read