OGCI and Climate Investment releases 2022 Progress Report

8 December 2022

Jason Dela Cruz

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  • OGCI members’ absolute upstream methane emissions down 40% since 2017 – equivalent to taking over 3 million cars off the road for a year1
  • OGCI’s industry-wide Aiming for Zero Methane Initiative launched in March already has 60 signatories and supporters
  • OGCI members involved in over 30 of around 50 carbon capture hubs proposed or in development globally with the first expected to start up in Norway in 2024
  • OGCI Climate Investments celebrated its fifth anniversary in 2022. Climate Investments, which invests in low-carbon solutions, has 29 portfolio companies. It is now expanding its reach to support later-stage companies as they scale up their innovative decarbonization solutions, moving beyond the $1 billion-plus fund Climate Investments manages for OGCI.

[1] Source: EPA’s GHG equivalencies calculator