Oil and gas industry invests $1bn in low-carbon innovation

An international oil and gas company fund aims to boost low-carbon innovation and commercialisation over the next ten years, but its scale is modest by sector standards

Ten major oil and gas companies are looking to fund $1bn of low carbon, innovative investments over the next ten years. Photograph: Warawoot Nanta/123RFTen major oil and gas companies have launched a $1bn global fund to invest in innovative low-carbon technologies over the next ten years, but the jury is out on whether it is ambitious enough to drive climate action.

The move, announced on 4 November as the Paris Agreement on climate change came into force, aims to “develop and accelerate the commercial deployment of innovative low emissions technologies” from next year.

Please sign in or register to continue.

Sign in to continue reading

Having trouble signing in?

Contact Customer Support at
or call 020 8267 8120

Subscribe for full access

or Register for limited access

Already subscribe but don't have a password?
Activate your web account here