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 oil-and-gas industry. Those efforts could significantly improve the prospects for the sector in a lower-emission world. The pledged funding is the latest sign of the oil industry’s efforts to respond to pressure from governments, activists and increasingly investors. The announcement came on the same day that a climate treaty negotiated in Paris last year by more than 200 countries to cap emissions and curb global warming […]