OGCI was established following the 2014 World Economic Forum and formally launched at the United Nations Climate Summit the same year. Members include BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental Petroleum, Pemex, Petrobras, Repsol, Royal Dutch Shell, Saudi Aramco and Total.
OGCI invest in technologies that have the potential to significantly reduce greenhouse gas emissions, and that are economically viable. The group are building a global network of partners and co-investors to achieve speed and scale.
Focus is on innovative companies with promising technology and business models that are ready to be commercialized.
OGCI are looking to work with driven and experienced entrepreneurs and teams that have the determination to turn their innovations into outcomes.
OGCI invest in:
- Carbon capture, utilization, and storage (CCUS)
- Reducing methane emissions
- Reducing transport emissions
- Improving energy efficiency in industry