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

More on Energy

'An energy revolution is underway': How renewables and electrification are pushing fossil fuel growth to the sidelines

'An energy revolution is underway': How renewables and electrification are pushing fossil fuel growth to the sidelines

In the face of multiplying geopolitical and energy security risks, the global economy is increasingly switching to electricity and renewables, according to the latest IEA report

Michael Holder
clock 12 November 2025 • 8 min read
Cory gets green light for 'UK's largest' waste-to-energy with CCS project

Cory gets green light for 'UK's largest' waste-to-energy with CCS project

Government grants planning permission for landmark project at Cory's Riverside energy from waste facilities

Stuart Stone
clock 12 November 2025 • 3 min read
How the government is looking to cut costs from its £10bn clean energy subsidy schemes

How the government is looking to cut costs from its £10bn clean energy subsidy schemes

Payments under the Renewables Obligation and Feed-in Tariff schemes could be linked to CPI rather than RPI from next April, as part of efforts to trim costs for billpayers - but could such changes dent investor confidence?

Michael Holder
clock 10 November 2025 • 6 min read