Among the multitude of technologies and methods designed to reduce greenhouse-gas (GHG) emissions, carbon capture, utilization and storage (CCUS) is emerging as the one the oil and gas industry is putting its collective weight behind.

Major oil companies like Occidental Petroleum, Shell and Equinor have implemented CCUS technologies to different degrees. The Oil and Gas Climate Initiative (OGCI), which counts bp, Chevron, Repsol, Total and Exxon Mobil among its members, launched its KickStarter program in 2019, which facilitates large-scale commercial investment in CCUS. The OGCI holds a $1 billion-plus investment fund for CCUS projects.

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