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

Energy and business groups urge EU to preserve carbon market integrity

Energy and business groups urge EU to preserve carbon market integrity

Energy UK, We Mean Business Coalition, and IIGCC pen joint letter to EU Council in response to proposed shake-up of the bloc's flagship Emissions Trading Scheme

Michael Holder
clock 15 October 2026 • 4 min read
Octopus Energy to launch home cooling 'add-on' for heat pumps

Octopus Energy to launch home cooling 'add-on' for heat pumps

Energy giant plans to begin offering 'Cosy Cooler' units to households with heat pumps from next year, promising to deliver cooling at a fraction of the cost of installing separate air conditioning units

Michael Holder
clock 14 October 2026 • 3 min read
IRENA: 'Electrification and renewables must accelerate dramatically'

IRENA: 'Electrification and renewables must accelerate dramatically'

International Renewable Energy Agency warns clean energy transition off track to meet global climate goals

James Murray
clock 13 October 2026 • 4 min read