27 Feb BP to cut ties with three US fossil fuel lobby groups
BP has announced it will sever ties with three US industry lobby groups, citing disagreements with their climate policies.
The oil and gas major will end its associations with the American Fuel and Petrochemical Manufacturers (AFPM), the Western States Petroleum Association (WSPA) and the Western Energy Alliance (WEA).
The decision comes just a fortnight after BP revealed its ambitious plans to become a net zero emissions company by 2050 or sooner.
BP said that after conducting a review of its membership of 30 important global trade associations, it found ‘material differences’ with the AFPM and WSPA regarding policy positions on carbon pricing and with the WEA on the federal regulation of methane emissions.
Recently appointed CEO Bernard Looney said: “When differences arise we will be transparent. But if our views cannot be reconciled, we will be prepared to part company.”
BP also identified a further five organisations with which it is only partially aligned on climate policy, including the American Petroleum Institute, but which it will continue to remain a member of.