The document outlines an oil and gas climate initiative led by 10 CEOs to decrease greenhouse gas emissions from their operations by 20% in the next 10 years. The initiative aims to reduce methane emissions and flaring, improve energy efficiency, develop clean energy projects, and accelerate climate solutions through partnerships. It will explore long-term solutions like carbon capture and storage and renewables. Key dates are provided for announcements and progress reports between 2014-2015 with the overall objective being to catalyze practical climate action through collaboration.

1. OGCIOIL AND GAS CLIMATE INITIATIVE
led by the CEOs of 10 oil and gas companies
decrease of combined
GREENHOUSE GAS
EMISSIONS (GHG)
from the companies’
operations since 2005
the
share
of
natural
gas
in the
global
energy
mix
REDUCING
methane emissions
and ‘routine’ flaring
from operations
IMPROVING
energy efficiency
DEVELOPING projects to provide broader access to energy
ACCELERATING
climate change solutions
by working with partners
on a range of initiatives
EXPLORING
long-term solutions:
•R&D, partnerships
and innovation
•Carbon Capture & Storage
•Developing renewables
KEY DATES
September
Official public
announcement
at UN Secretary
General's Climate
Summit
January
Creation
of the OGCI
May
Semi-public
technical
workshop
October
CEO public
event, 1st
year
anniversary,
declaration
and report
launch
DEFINING THE ROAD AHEAD
20152014
OBJECTIVE
CATALYZEPRACTICAL ACTION
on climate change
through collaboration
OVERVIEW OF THE
-20%
of GHG* in 10 years
representing
20%of global
OIL AND GAS
PRODUCTION
INCREASING
#OGCI