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    Home > Organic Chemistry Topics > Organic Chemistry Project > CNPC, BP ​​and London Sign Joint Declaration OGCI Spends US$1 Billion to Promote Low-Carbon Technology Innovation

    CNPC, BP ​​and London Sign Joint Declaration OGCI Spends US$1 Billion to Promote Low-Carbon Technology Innovation

    • Last Update: 2022-02-23
    • Source: Internet
    • Author: User
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    On November 4, local time, the London Summit of the Oil and Gas Industry Climate Initiative (OGCI) corporate leaders issued the "OGCI Joint Declaration
    .
    " The declaration signed by the leaders of 10 member companies including CNPC Chairman Wang Yilin and BP CEO Da Deli stated that in response to the "Paris Agreement", OGCI established a total of $1 billion in climate investment to promote low-carbon technology innovation.
    And commercial applications
    .
    In this joint declaration, OGCI member companies put forward the direction of action for the industry to control and reduce greenhouse gas emissions, including reducing methane emissions during natural gas production, storage and transportation, carbon capture, utilization and storage (CCUS), and improving energy efficiency in the industrial sector.
    reduce the carbon intensity of transportation and so on
    .
    These oil and gas industry giants expressed their belief that there are huge opportunities for innovation and investment in large-scale solutions to reduce greenhouse gas emissions
    .
    As a result, they announced the establishment of a climate investment totaling 1 billion U.
    S.
    dollars to promote the innovation and commercial application of low-carbon technologies in a professional manner
    .
    The "OGCI 2016 Annual Report" released at the same time runs through the theme of "acting to accelerate the construction of a low-carbon future".
    From now to 2040, OGCI will fully promote the ambitious goal of achieving net zero emissions in the second half of this century
    .
    "The implementation of the Paris Climate Agreement requires the promotion of structural changes on the energy supply side.
    OGCI provides a good platform for cooperation in the low-carbon transformation of the global oil and gas industry
    .
    " Wang Yilin pointed out in his written speech that PetroChina signed the "OGCI Joint Declaration", demonstrating that it is China’s largest Of state-owned energy companies actively respond to the "Paris Agreement" and strive to provide clean energy and reduce greenhouse gas emissions with a low-carbon image
    .
    It is understood that PetroChina is speeding up the formulation and improvement of its own "Low-Carbon Development Roadmap", increasing R&D investment, and striving to become a leader in low-carbon technology
    .
    (China National Petroleum Corporation)
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