Posted on 01/15/2021 7:13:24 AM PST by Oldeconomybuyer
LONDON - France’s Total on Friday became the first major energy company to quit the largest U.S. oil and gas lobby because of differences over climate policies.
Total said in a statement it would not renew its 2021 membership with the American Petroleum Institute (API) following a review of the lobby’s climate positions, describing them as being only “partially aligned” with Total’s.
The points of difference include API’s support for the rollback of U.S. regulation on emissions of methane, a potent greenhouse gas and how to assign a price to carbon, vital to any carbon trading system seen as critical to curb emissions.
“As part of our Climate Ambition made public in May 2020, we are committed to ensuring, in a transparent manner, that the industry associations of which we are a member adopt positions and messages that are aligned with those of the Group in the fight against climate change”, Total Chief Executive Patrick Pouyanné said.
API did not immediately respond to a request for comment.
Total and fellow European majors BP and Royal Dutch Shell have already pulled out of the American Fuel & Petrochemical Manufacturers, a leading U.S. oil refining group, also due to differences over climate policies.
(Excerpt) Read more at reuters.com ...
Freeze in the dark you cheese eating surrender monkeys
“Total” dingbats. Actually, opportunistic corporate Marxists.
What’s the big deal? All those policies are going to change in a week.
Why the hell does this matter... isn’t it better if fewer lobby for carbon taxing?
The American oil companies will soon join the bandwagon due to internal pressures from stockholders and outside groups.
We lost corporate America over the last 4 decades.
Good. The whole climate thing is an utter farce, from beginning to end.
They want the fracker oil or bankrupt them. Total is in the tank with big oil Iran.
This is a weird move. All of our current policies are about to change. Biden-Harris will gay things up as much as the French could possibly expect. Strange.
That's what this is all about. Total wants to cash in on carbon credits.
Total is an oil company that doesn’t want you to think they are an oil company. They figure if they jump ship from the industry, then when the “final solution” of outlawing hydrocarbons in the economy occurs, they will somehow be exempt. Any company that directly refuses to stand for the best interest of its industry is sadly deluded.
Meanwhile China will be able to do whatever it wants.
Easy for them to claim the high ground, since France makes such extensive use of nuclear power. If only 20% or so of our power came from hydrocarbons, we'd probably be a lot more flexible about the idea of "carbon trading". For the French, it's little more than virtue-signaling.
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