Google+ Followers

Friday, 4 November 2016

Consortium of oil companies launch $1bn initiative to lower emissions

Consortium of oil companies launch $1bn initiative to lower emissions:

"A consortium of some of the world’s largest state and multinational oil companies, including Saudi Aramco, BP, Shell and China’s CNPC, have launched a $1bn investment fund aimed at exploring technologies to lower emissions.

The Oil and Gas Climate Initiative (OGCI) group said the $1bn, which will be invested over 10 years, was an “unprecedented” commitment from the industry. It comes as the Paris climate change agreement comes into force, writes David Sheppard."



'via Blog this'