Carbon Management: Reducing Emissions Through CCUS Hubs

“The initiative is an all-in approach where we say that virtually all methane emissions from the industry can and should be avoided,” OGCI’s Julien Perez said of the coalition’s global goals at Hart Energy’s Carbon Management Conference on May 16.

Carbon Management Conference, emissions reduction, CCUS hubs

(Source: Mongta Studio/Shutterstock.com)

FORT WORTH, Texas—With a plan to reduce CO₂ and methane emissions on a global scale, the Oil and Gas Climate Initiative (OGCI) is working with policymakers to permanently secure an emissions-free atmosphere through carbon capture hubs.

The OGCI is led by the CEOs of the 12 member companies—Saudi Aramco, BP Plc, Chevron Corp., CNPC, Eni SpA, Equinor ASA, Exxon Mobil Corp., Occidental Petroleum Corp., Petrobras, Repsol SA, Shell Plc and TotalEnergies SE—with the goal of reducing emissions intensity through the “Aiming for Zero” initiative. The idea, according to OGCI’s strategy and policy vice president, Julien Perez, was to create a coalition that can move the needle much faster on reducing methane emissions than any of the individual member companies.

“The objective of the OGCI was to bring together the CEOs of those member companies aligning them on a certain set of membership criteria, and we make those criteria evolving because some of them are targets,” Perez told attendees during an opening keynote at Hart Energy’s Carbon Management Conference on May 16.

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Madison Ratcliff

Madison Ratcliff is an associate editor for Hart Energy's editorial team.