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

More on Investment

NatWest AGM interrupted by climate protestors

NatWest AGM interrupted by climate protestors

Re-elected NatWest chair agrees to meet investors concerned at bank’s climate policy, after AGM hit by protests

Stuart Stone
clock 28 April 2026 • 4 min read
Forest secures £27m funding boost for London e-bike expansion

Forest secures £27m funding boost for London e-bike expansion

Company now has 1.5 million users and enables two million rides a month in London, making it the world's largest shared e-bike market

clock 28 April 2026 • 2 min read
Investors managing $1.38tr in assets accuse NatWest of climate 'backtracking'

Investors managing $1.38tr in assets accuse NatWest of climate 'backtracking'

Sixteen institutional investors back AGM statement expressing concern at bank's approach as energy transition reaches critical point

Stuart Stone
clock 27 April 2026 • 4 min read