Politics
BP Quits Three Oil Lobby Groups on Differing Climate Policy
- New CEO has pledged to eliminate BP’s CO2 emissions by 2050
- Groups weren’t aligned with BP on methane, carbon policies
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BP Plc will leave three U.S. oil-industry lobby groups due to differences on climate policy, after the company’s new chief pledged to eliminate its greenhouse gas emissions by 2050.
The decision, which follows similar moves by Royal Dutch Shell Plc and Total SA, seeks to address a contradiction at the heart of many oil companies’ climate pledges, which sometimes ran contrary to the political lobbying of industry groups of which they were members.