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

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Government hails £24bn in private sector backing for UK clean power mission

Government hails £24bn in private sector backing for UK clean power mission

Fresh commitments from Iberdrola, Orsted, Macquarie, and Greenvolt hailed as major vote of confidence in government's net zero vision

James Murray
clock 10 October 2024 • 6 min read
LSE: 85 per cent of banks are open to financing new coal projects

LSE: 85 per cent of banks are open to financing new coal projects

Transition Pathway Initiative Centre warns banks are failing to enact robust met zero strategies that align with climate targets

Cecilia Keating
clock 08 October 2024 • 3 min read
US 'green bank' makes first investment - $32m for 18 solar plants in Arkansas

US 'green bank' makes first investment - $32m for 18 solar plants in Arkansas

The National Clean Investment Fund announced its first project this week, prioritising local economies and clean energy development

Leah Garden, Trellis
clock 04 October 2024 • 3 min read