Elite Media Advocacy, Research and Content Support for Lobbyists
Oil and Gas Climate Initiative (OGCI)
Elite Media was commissioned by OGCI to moderate and produce a report that outlines member companies’ work to catalyse practical, meaningful and technology-enabled actions to address climate change. The OGCI was established following discussions held during the January 2014 World Economic Forum Annual Meeting and was officially launched at the September 2014 UN Climate Summit.
The CEO’s of 10 of the world’s largest oil and gas companies – which together provide almost a fifth of all oil and gas production and supply nearly 10% of the world’s energy – declared their collective support for an effective climate change agreement to be reached at the 21st session of the United Nations (UN) Conference of Parties to the UN Framework on Climate Change (COP21).
In their milestone declaration, the CEOs of the 10 companies that currently make up the Oil and Gas Climate Initiative (OGCI) – BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total – confirmed that they recognise the general ambition to limit global average temperature rise to 2 degrees centigrade and that the existing trend of the world’s net global greenhouse gas (GHG) emissions is not consistent with this ambition.
The OGCI member companies have taken significant actions to reduce their GHG footprint, with combined GHG emissions from their operations reducing by around 20% over the past 10 years. Together the declaration and report set out key areas where the OGCI companies will focus their collaboration.