Climate change was once again the “talk of the town” this week with OGCI revealing new carbon intensity targets, Shell’s CEO discussing his company’s 2050 net-zero plans, and Joe Biden revealing his $2 trillion climate change plan.

Firstly, the Oil and Gas Climate Initiative (OGCI) has revealed a target to reduce the collective average carbon intensity of member companies’ aggregated upstream oil and gas operations to between 20 and 21 kilograms of CO2 emissions per barrel of oil equivalent by 2025, from a collective baseline of 23 kg CO2e/boe in 2017.