OGCI: Oil and gas majors increase low carbon investment to $23bn

BusinessGreen staff
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

But low carbon investment from Oil and Gas Climate Initiative's 12 members' represent a fraction of the record profits raked in last year

A group of the world's biggest oil and gas majors claims to have collectively increased low carbon investments by more than two-thirds last year, as the industry faced ongoing criticism for raking in record...

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

Global Energy Compacts: $1.6tr pledged to boost renewables, access to electricity, and clean cooking tech by 2030

Global Energy Compacts: $1.6tr pledged to boost renewables, access to electricity, and clean cooking tech by 2030

Annual report finds $284bn already mobilised in support of global clean energy goals, but trillions more needed to deliver universal energy access and meet climate targets

Stuart Stone
clock 26 September 2025 • 3 min read
LPFA claims majority of its £8bn pension fund now 'managed for climate resilience'

LPFA claims majority of its £8bn pension fund now 'managed for climate resilience'

London Pension Fund Authority claims to have set emissions reduction and other climate goals for more than 80 per cent of assets in Local Government Pension Scheme

Jasmine Urquhart
clock 25 September 2025 • 2 min read
Cornish Lithium secures £35m boost for critical mineral production plans

Cornish Lithium secures £35m boost for critical mineral production plans

Latest investment in battery-grade lithium producer moves projects towards construction and commercial drilling

Stuart Stone
clock 25 September 2025 • 3 min read