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Brief -- New OGIC Members

U.S.-based ExxonMobil Corp., Chevron Corp. and Occidental Petroleum Corp., which together represent 5% of global oil and gas production, have joined the Oil and Gas Climate Initiative (OGCI). Other members include BP plc, Eni SpA, Equinor ASA, Petroleos Mexicanos, Royal Dutch Shell plc, Saudi Aramco and Total SA. Combined, the 13 members represent around 30% of production and supply close to 20% of primary energy consumption. The OGCI supports the United Nations’ global climate accord, aka, the Paris agreement, to reduce carbon emissions. Each member also commits $100 million to the OGCI Climate Investments fund.

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