LONDON—Ten of the world’s biggest oil companies plan to invest an average of $100 million annually over the next 10 years in low-carbon technologies, the companies said Friday. The Oil and Gas Climate Initiative, which includes state-owned Saudi Arabian Oil Co., Royal Dutch Shell PLC and BP PLC, said its investments will initially focus on carbon capture and storage technology and efforts to reduce methane emissions from the...

Source: Wall Street Journal November 04, 2016 11:29 UTC