Oil and Gas Climate Initiative

The Oil and Gas Climate Initiative has announced a technical and financial sponsorship commitment of nearly $1 million to the Payne Institute for Public Policy at Colorado School of Mines to develop a transparent web platform to support real-time mapping and tracking of global gas flaring data.

Although based on “intensity” and not “absolute” emissions, oil giants say it’s a step toward net-zero goals for 2050.

A billion-dollar fund will be available for innovations in flare minimization, venting elimination, fugitive-emissions reduction, and complete combustion.

BP, ENI, Equinor, Shell and Total to develop Net Zero Teesside Project. The project aims to capture 6 mtpa of CO2 emissions.

Large-scale investment in carbon capture and methane-emission reduction tops the agenda of the Oil and Gas Carbon Initiative, an organization led by chief executives of several major oil and gas companies.