Markets

Top oil firms pledge $1bn over 10 years in climate push

Published November 4, 2016 Updated November 4, 2016 10:40am

1 min

By Parvez Jabri

Add BRecorder as a trusted
source on Google

OSLO: Top oil companies including Saudi Aramco, Shell and Statoil will invest $1 billion over the next decade to develop and accelerate the commercial deployment of innovative low emissions technologies, Statoil said on Friday.

Reuters on Nov. 2 broke the news that the Oil and Gas Climate Initiative, as the group is called, would announce details of their plans on Friday.

Read Comments