How has Russian industry responded to climate change? Understanding industry narratives on climate change is an important element of Russia’s broader climate change discourse. This chapter focuses specifically on Russia’s largest oil and gas companies, which hold significant responsibility for the country’s GHG emissions and whose participation in global attempts to address climate change is vital. It considers how companies have conceptualised the issue of climate change, and how this links to broader narratives within Russia and internationally. The evidence indicates an emphasis on energy saving and efficiency, technology and industrial modernisation, and limited direct engagement on climate change policy and mitigation efforts. Oil and gas industry discourse on climate change is set within a market-based framework and contiguous with government policy.