CEO DATELINE - Shell leaves oil industry association over climate policy
CEO DATELINE - Shell leaves oil industry association over climate policy
- April 2, 2019 |
- Walt Williams
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Royal Dutch Shell has withdrawn from American Fuel & Petrochemical Manufacturers because of the association's opposition to policies combating climate change, The Washington Post reported Tuesday.
The oil industry giant told the newspaper it was at odds with AFPM's stances on the Paris climate agreement, carbon pricing, fuel mandates and the reduction of methane emissions. However, Shell will remain a member of the American Petroleum Institute and the U.S. Chamber of Commerce despite both group's opposition to many environmental policies, saying there is "some alignment" between its views on climate policy and their views.
Shell recently reviewed its relationships with 19 trade groups in relation to a company policy of linking executive pay to success in reducing the company's carbon footprint by 2 to 3 percent over the next three years. The company has been the most vocal proponent in the oil industry of reducing greenhouse gas emissions, the Post reported. http://tinyurl.com/y3cohwqv
AFPM, on the other hand, rejects U.S. efforts to regulate greenhouse gases through the Clean Air Act, saying the law only applies to domestic companies and was never meant to regulate global emissions. The group had not responded to Shell's announcement as of Tuesday morning.
Shell is only one of many AFPM members listed on the group's website.
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