{"id":61818,"date":"2022-03-11T11:18:48","date_gmt":"2022-03-11T07:18:48","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=61818"},"modified":"2022-03-11T11:18:52","modified_gmt":"2022-03-11T07:18:52","slug":"top-energy-companies-prepare-to-launch-new-1-bln-clean-tech-fund-sources","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/top-energy-companies-prepare-to-launch-new-1-bln-clean-tech-fund-sources\/03\/11\/market-updates\/","title":{"rendered":"Top energy companies prepare to launch new $1 bln clean tech fund -sources"},"content":{"rendered":"\n<p>A group of the world&#8217;s largest oil and gas companies is preparing to launch a new fund worth more than $1 billion to invest in new technology-focused on reducing greenhouse gas emissions from energy use, sources said on Thursday.<\/p>\n\n\n\n<p>The Oil and Gas Climate Initiative, which brings together 12 of the largest oil and gas companies including ExxonMobil, BP, and Saudi Aramco, began in 2016 with an initial $1 billion fund that invested in several start-ups, including technology to reduce emissions Methane, a powerful greenhouse gas leaking from oil and gas infrastructure.<\/p>\n\n\n\n<p>The sources said that the group, which represents about 30% of oil and gas production in the world, is preparing to launch a second fund, which is expected to be larger than the first.<\/p>\n\n\n\n<p>The sources are expected to announce this in the coming weeks. She said funding is also expected to come from the initiative&#8217;s member companies as well as other independent investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A group of the world&#8217;s largest oil and gas companies is preparing to launch a new fund worth more than $1 billion to invest in new technology-focused on reducing greenhouse gas emissions from energy use, sources said on Thursday. The Oil and Gas Climate Initiative, which brings together 12 of the largest oil and gas &hellip;<\/p>\n","protected":false},"author":9,"featured_media":61009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[8159,7897,7004,8854,6831],"class_list":["post-61818","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-crude-oil-prices","tag-oil-production","tag-opec-2","tag-russian-invasion-of-ukraine","tag-uae"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=61818"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61818\/revisions"}],"predecessor-version":[{"id":61819,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61818\/revisions\/61819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61009"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=61818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=61818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=61818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}