In 2018 Petrobras announced its support for the World Bank’s Zero Routine Flaring by 2030 initiative.
Sustainably reducing carbon dioxide emissions is the world’s greatest climate challenge – and is at the heart of the transformation of the energy system that OGCI aims to accelerate.
What OGCI is doing
OGCI aims to accelerate the reduction of member companies’ operational emissions and works with a wide range of stakeholders in industry, transport and buildings to accelerate decarbonization solutions.
OGCI’s upstream carbon intensity target
Our target in detail
How we reduce carbon emissions
The OGCI target is to reduce carbon intensity from a collective level of 23 kg of greenhouse gases per barrel of oil or gas (kgCO2e/boe) in 2017 to 20kg by 2025.
What OGCI member companies are doing to reduce carbon intensity
Member companies are focusing on flaring reduction, efficiency improvements, electrification and the integration of renewables in their operations.
What is Climate Investments doing to reduce carbon intensity
We invest in solutions that reduce methane emissions during the production, delivery and usage of oil and gas.