A group of the world’s largest oil companies, including the likes of BP, ExxonMobil and Saudi Aramco, have signed their first ever joint pledge to reduce greenhouse gas emissions. The specifics of the target put it far behind any of the net-zero pledges we’ve seen from the more progressive majors, but near term targets for carbon intensity will hope to get the ball rolling for even the most resistant companies through the energy transition, especially if they mandate transparency when reporting emissions. The target, signed through the Oil and Gas Climate Initiative (OGCI), has seen its 12 members agree to reduce the average carbon intensity of their upstream oil and gas operations from 23 kg of CO2 per barrel of…