Oil & gas industry leads investment in innovation to reduce CO2 emissions
A new study by T2 and Associates shows that private investments made by companies in the oil and natural gas industries are leading the innovation race to reduce greenhouse gas emissions in the US. The President and CEO of the Amercian Petroleum Institute Jack Gerard, explained "no other industry's investment comes close" and the study highlights that "private-sector leadership can achieve public policy goals more quickly and more efficiently than government programmes and mandates." According to the data, the US oil and gas sector invested approximately $90bn in emissions technologies compared to the electric utilities sector which invested $37.1bn for example. 

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