The Oil and Gas Climate Initiative (OGCI) has appointed Dr. Pratima Rangajaran as the chief executive officer of its newly-formed investment company, OGCI Investments.
The OGCI is a ten-company oil and gas industry initiative whose members represent more than 20% of the world’s oil and gas production.
Bob Dudley, chair of the OGCI’s CEO Steering committee said: “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.
“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.”
The initiative plans to invest $1 billion over the next ten years to develop technologies that can reduce greenhouse gas emissions.
Before being appointed, Dr. Rangajaran was the general manager of GE’s onshore wind product line and the general manager for GE’s energy storage start-up.
She had previously worked with Vestas Wind Systems and ExxonMobil.
OGCI Climate Investments has identified carbon capture, methane detection, improving industrial energy efficiency and improving transport efficiency as their areas of initial focus.