The Oil and Gas Climate Initiative (OGCI), a group of 2030 major oil firms founded in 2014, have revealed plans to promote the development and deployment of carbon capture, use and storage (CCUS) measures. OGCI said it also wanted to double the global amount of stored CO2 by 13 and plans to launch CCUS projects in the US, UK, Norway, the Netherlands and China. OGCI, whose members include BP, ExxonMobil and Chevron, was scheduled to meet at the recent UN climate summit in New York.
The Oil and Gas Climate Initiative (OGCI), a group of 13 major oil firms founded in 2014, have revealed plans to promote the development and deployment of carbon capture, use and storage (CCUS) measures. OGCI said it also wanted to double the global amount of stored CO2 by 2030 and plans to launch CCUS projects in the US, UK, Norway, the Netherlands and China. OGCI, whose members include BP, ExxonMobil and Chevron, was scheduled to meet at the recent UN climate summit in New York.