Royal Dutch Shell Plc just fired a shot across the bow of oil lobbyists. More of a slingshot than a cannon, but significant nonetheless.
The Anglo-Dutch oil major released a report Tuesday summarizing its relationship with 19 industry associations on the subject of climate-change goals. The company says it has some “misalignment” with nine of them and “material misalignment” with one, American Fuel & Petrochemical Manufacturers. As a result, Shell intends to let its membership of AFPM lapse in 2020.