Decarbonizing the global oil and gas sector at speed and scale
A GLOBALLY-INCLUSIVE INITIATIVE BRINGING TOGETHER MANY OF THE WORLD’S BIGGEST OIL AND GAS COMPANIES, CREATES A UNIQUE OPPORTUNITY FOR COLLABORATION.
50+
Charter Signatories
>43%
of global oil production represented
30+
COUNTRIES TAKING PART IN THE CHARTER
What is the Oil & Gas Decarbonization Charter?
The Oil & Gas Decarbonization Charter (OGDC) is a unique collaboration to accelerate the decarbonization of the global oil and gas sector by fostering inclusive industry cooperation and knowledge sharing. Already endorsed by companies representing 43% of global oil production, the Charter lays out a series of ambitions towards net-zero operations by or before 2050.
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Our mission:
The initiative aims to continue motivating oil and gas companies to decarbonize, achieving broad geographical reach and impact, to speed up actions and to encourage learning.
We recognize action is essential, and collaboration is necessary, and that no company or country should be left behind. We recognize that companies have different starting points, stakeholders and roles, making it imperative that individual companies set their own ambitions so they can be realistically achieved within the context of their operating environments.
The Charter reflects the principles that the oil and gas sector believes will contribute to achieving the aims of the Paris Agreement.
Charter signatories
Global challenges need global solutions. We recognize that oil and gas producers currently have varied emissions intensities within their operations. We aim to implement current best practices by 2030 to collectively reduce the global average emissions intensity of the oil and gas industry.
LATEST NEWS
PRESS RELEASE
PetroChina, Asia’s largest oil and gas producer signs up to the Oil & Gas Decarbonization Charter
JULY 22, 2024
