The OGCI: Oil industry gamechanger or pro-gas greenwash?

Michael Holder
clock • 8 min read

10 CEOs of some of the world's biggest oil and gas firms came together last week to promote their low carbon investment work - but how much substance is there behind their welcome words?

"Looking back over the past three years, I'm struck by just how far we've come with the OGCI, and how quickly we've come," Bob Dudley, BP chief executive and current chair of the Oil and Gas Climate Initiative,...

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

Study: Fossil fuel power generation has peaked in every OECD country

Study: Fossil fuel power generation has peaked in every OECD country

New analysis claims OECD member countries now generating far less electricity from oil, gas, and coal than at peak levels, with generation down 19 per cent since 2007

Stuart Stone
clock 28 April 2026 • 5 min read
'Electro Union': Leading corporates join calls for EU to target 50 per cent clean electricity by 2040

'Electro Union': Leading corporates join calls for EU to target 50 per cent clean electricity by 2040

Major business coalition demands EU ends fossil fuel dependency and doubles down on 'electro-continent' vision after three oil and gas shocks in four years

Stuart Stone
clock 27 April 2026 • 5 min read
Iran War fossil fuel shock drives inflation to 3.3 per cent

Iran War fossil fuel shock drives inflation to 3.3 per cent

Fears grow that continued blockade of Strait of Hormuz could push energy and food price inflation even higher during the second half of the year

James Murray
clock 22 April 2026 • 7 min read