Oil and gas firms agree 'unprecedented' $1bn climate funding

Michael Holder
clock • 3 min read

Oil and Gas Climate Initiative launch fund to accelerate CCS, cut methane emissions and boost transport and industry energy efficiency

A group of major oil and gas companies today unveiled plans to invest more than $1bn towards tackling climate change by accelerating development of low emissions technology such as CCS and energy efficiency...

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

Government presses water firms to produce mandatory pollution-cutting plans

Government urged to formally recognise natural capital as 'critical UK infrastructure'

More on Investment

Standard Chartered issues inaugural €1bn green bond
Investment

Standard Chartered issues inaugural €1bn green bond

€1bn issuance to help finance wide range of low carbon projects, including renewable energy, green building, and circular economy solutions

Amber Rolt
clock 08 January 2026 • 3 min read
UK investment consultant coalition launches climate investing framework
Investment

UK investment consultant coalition launches climate investing framework

Framework aims to assist investors in decision making to support real-world change, according to Investment Consultants Sustainability Working Group (ICSWG)

Martin Richmond
Martin Richmond
clock 08 January 2026 • 2 min read
Study: Almost half of sustainability execs cite upfront costs as 'main barrier' to decarbonisation
Investment

Study: Almost half of sustainability execs cite upfront costs as 'main barrier' to decarbonisation

Close to three quarters of senior sustainability managers struggled to access decarbonisation funding in the past year, study claims, but corporate support for climate goals remains robust

Stuart Stone
Stuart Stone
clock 07 January 2026 • 4 min read