Leading oil company chiefs have defended their decision to focus a new $1bn joint climate change fund on cutting oil and gas emissions rather than investing in renewable energy.
The Oil and Gas Climate Initiative (OGCI) – a group of ten of the world’s top oil companies including BP, Shell, Saudi Aramco, Eni, Repsol, Statoil, and Total – last week unveiled plans to coincide with the Paris climate agreement entering into force.
The
