China National Petroleum Corporation and Climate Investments have co-anchored a vehicle that will back developers of emissions-reduction technology for the energy and industrial sectors.
Oil and gas producer China National Petroleum Corporation (CNPC) has launched a China-focused fund with Oil and Gas Climate Initiative (OGCI), an initiative led by CEOs of 10 global oil and gas companies.
The vehicle has so far secured $100m in capital following anchor commitments from CNPC Assets Management and Climate Investments, a fund managed and owned by OGCI.
The fund will focus on companies and technologies with the potential to reduce greenhouse gases and lower the carbon footprint of…
