"Top oil companies including Saudi Aramco and Shell are joining forces to create an investment fund to develop technologies to promote renewable energy, as they seek an active role in the fight against global warming, sources said.

The chief executives of seven oil and gas companies -- BP, Eni, Repsol, Saudi Aramco, Royal Dutch Shell, Statoil and Total -- will announce details of the fund and other steps to reduce greenhouse gases in London on Friday.

The sector faces mounting pressure to take an active role in the fight against global warming, and Friday's event will coincide with the formal entry into force of the 2015 Paris Agreement to phase out man-made greenhouse gases in the second half of the century."

Ron Bousso reports for Reuters November 2, 2016. [2]