Total quits API over climate change differences
The influential American Petroleum Institute is under pressure as investors want a move away from fossil fuels, and as Joe Biden plans to rejoin the Paris Accord
15 January 2021 - 18:49
Paris/London/Houston — Total has become the first oil major to quit the influential American Petroleum Institute (API) due to a clash on climate change policy, a sign of the pressure the US lobby group is likely to come under as Washington is about to again embrace the Paris climate agreement.
The move by Total is likely to increase pressure on BP and Royal Dutch Shell to follow suit unless the API changes its views. Both European majors said in 2020 they planned to remain members despite highlighting some disagreements with the group, and quitting others...
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