OGCI Appoints CEO of OGCI Climate Investments
The Oil and Gas Climate Initiative (OGCI) has appointed Dr. Pratima Rangarajan as the chief executive officer of its newly-formed investment company, OGCI Climate Investments.
Jointly funded by OGCI member companies, OGCI Climate Investments intends to invest $1 billion over the next ten years to develop and demonstrate innovative technologies that have the potential to significantly reduce greenhouse gas emissions, according to an OGCI statement.
The member companies also plan to enhance the impact of the investments via strategic partnerships with others working to limit climate change by the development and deployment of low emissions technologies.
Before joining OGCI Climate Investments, Dr. Rangarajan was the general manager for GE's Onshore Wind Product Line and the general manager for GE's Energy Storage startup. Pratima's early career included technology and research development roles in both GE and ExxonMobil.
"Pratima has a proven track record in developing and growing innovative energy technologies and businesses and we look forward to working with her as we move this important initiative forward,” Bob Dudley, chair of the OGCI's CEO Steering Committee and group chief executive of BP, said in an organization statement.
“Through carefully focused joint investment and multiplying its impact by working with others, we expect OGCI Climate Investments will accelerate development and deployment of technologies that have the potential to reduce carbon emissions on a significant scale,” he added.
The OGCI is a ten-company oil and gas industry initiative whose members represent more than 20 percent of the world's oil and gas production.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.