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Aramco, Exxon Make Move to Join BP, Shell in Carbon Curbs

  • Oil & Gas Climate Initiative seeks to reduce carbon intensity
  • It’s a significant achievement, says former BP CEO Bob Dudley
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Watch: Bob Dudley, former BP Chief Executive Officer and chairman of the Oil and Gas Climate Initiative, discusses OCGI's pledge to reduce the carbon intensity of their operations by 2025.(Source: Bloomberg)
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Saudi Aramco has joined with European and U.S. supermajors representing a third of the world’s oil industry to begin curbing emissions at their own operations as the clamor builds for the biggest polluters to act on climate impact.

Members of the Oil & Gas Climate Initiative, a group of big oil companies working on ways to respond to climate change, pledged to reduce the carbon intensity of their operations to between 20 and 21 kilograms of carbon dioxide per barrel of crude equivalent by 2025. That represents a reduction of as much as 13% from 2017 levels.