Oil and Gas Climate Initiative members pump record $30bn into low carbon tech in 2023

Stuart Stone
clock • 4 min read
Credit: iStock
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Credit: iStock

Twelve firms producing almost a third of global oil and gas have invested close to $100bn in low-carbon tech since 2017 - but critics argue the industry's decarbonisation efforts remain underpowered

The Oil and Gas Climate Initiative's (OGCI) member companies invested a record $29.7bn in low carbon technologies during 2023, taking total funding to date to almost $100bn, the group's annual progress...

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