Joe.My.God. LGBT News
Reuters reports:
Royal Dutch Shell on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies.
In its first review of its association with 19 key industry groups, the company said it had found “material misalignment” over climate policy with the American Fuel & Petrochemical Manufacturers (AFPM) and would quit the body in 2020.
The review is part of Shell’s drive to increase transparency and show investors it is in line with the 2015 Paris climate agreement’s goals to limit global warming by reducing carbon emissions to a net zero by the end of the century. It is also the latest sign of how investor pressure on oil companies is leading to changes in their behavior around climate.
As Canadian Conservatives use Shell gas stations for their anti-climate photo ops, this:
“Shell to quit U.S. refining lobby in bid to show investors it is in line with the 2015 Paris climate agreement’s goals”https://t.co/rLN2EdxWY2
— Jordan Deagle ?? (@jrdndeagle) April 2, 2019
#Shell agrees to leave anti #climate #lobby group after forceful engagement by investors & NGOs. Also puts 9 other trade bodies under review. The days of funding climate denial & being a drag on climate policy are coming to an end. FULL STATEMENT HERE https://t.co/Pf4W81lAjA
— ShareAction (@ShareAction) April 2, 2019
Shell is leaving the American Fuel & Petrochemical Manufacturers association because of its climate-change policy https://t.co/bv0bn4hnNM
— Bloomberg Asia (@BloombergAsia) April 2, 2019
Shell is quitting an oil lobby group because they disagree on climate change https://t.co/hiVvNzd6Lk pic.twitter.com/Fz4jQpiyJS
— Financial Post (@financialpost) April 2, 2019