Big Oil's climate fund raises $450m for second vehicle
26 mars 2026
08:47
Climate Investment (CI), the UK-based investment firm backed by some of the world's biggest oil companies, has closed its second fund at $450m.
The fund's first four investments signal a shift into AI, infrastructure, and efficiency solutions over typical emissions-cutting climate tech like carbon capture.
The fund's first four investments signal a shift into AI, infrastructure, and efficiency solutions over typical emissions-cutting climate tech like carbon capture.
March 27, 10:21 CET: This article was updated with comments from CI's CIO Joshua Haacker.
Oil and gas giants Saudi Aramco, Occidental, and Baker Hughes have backed Climate Investment (CI) second $450m fund, alongside the Development Bank of Japan, French shipping conglomerate CMA CGM and Thailand's state-owned oil and gas major PTT Group.