Petrobras joins global initiative to reduce greenhouse emissions
OGCI brings together 10 major oil and gas companies, representing over 25% of global oil and gas production.
The Oil and Gas Climate Initiative (OGCI) and Petróleo Brasileiro S.A. (Petrobras) have announced that the Brazilian energy giant will join the initiative.
The OGCI is the CEO-led grouping of oil and gas companies that intends to lead the industry’s response to climate change, pooling knowledge and collaborating on action to reduce greenhouse emissions. The OGCI’s existing members are BP, CNPC, Eni, Pemex, Repsol, Saudi Aramco, Shell, Statoil and Total.
Petrobras, headquartered in Brazil, is a publicly-held company active in exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas and biofuel segments. It has a presence in 19 countries and employees around 70,000 people.
“Petrobras’ participation will increase the critical mass and momentum of our work and extends our coverage into an important new geography – South America,” said Bob Dudley, chair of the OGCI’s CEO and CEO of BP.
Launched in 2015, the OGCI gathers more than a quarter of the world’s oil and gas production through its members.
