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Oil & gas industry majors unite for investments in low emissions tech

The Oil and Gas Climate Initiative (OGCI) has announced its first three investments, moving forward the organization’s commitments into concrete action to spur the growth of promising low carbon technologies.

Launched in 2014, OGCI is currently made up of ten oil and gas companies that pool expert knowledge and collaborate on action to reduce greenhouse gas emissions. These are BP, Shell, CNPC, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Statoil, and Total.

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