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

How a global push to 'repower' ageing wind and solar farms could transform the clean energy transition

How a global push to 'repower' ageing wind and solar farms could transform the clean energy transition

Ageing wind and solar capacity that is approaching the end of its initial lifespan is set to have 'profound' implications for the global energy transition, according to Wood Mackenzie

Michael Holder
clock 25 September 2026 • 6 min read
Levi's and M&S launch joint push to boost fashion sector renewables use

Levi's and M&S launch joint push to boost fashion sector renewables use

Fashion Renewable Collaborative backed by Schneider Electric's SE Advisory Services unveiled at New York Climate Week

Stuart Stone
clock 23 September 2026 • 3 min read
Study: Heat pumps, solar, and EVs offer 'electro-fortification' against fossil fuel price shocks

Study: Heat pumps, solar, and EVs offer 'electro-fortification' against fossil fuel price shocks

Ember highlights how adoption of clean technologies is serving to strengthen UK energy security, as IEA concludes proposed international electrification target can be reached

James Murray
clock 23 September 2026 • 5 min read