European IOCs sticking with API for now
Total’s exit from the influential US oil and gas lobby will not spark an immediate exodus by its peers
European majors and IOCs will continue to monitor the misalignment between their stated commitments to becoming cleaner and greener and positions taken by leading US industry lobby group the American Petroleum Institute (API), following the exit of Total last Friday. But none of four other large European-headquartered firms that shared their position with Transition Economist seems in any hurry to follow the French oil major out of the exit door. Change from within “We have long recognised that trade organisations, like the API, seek and represent a wide variety of industry views and we have no expectations they will be monolithic in their platforms or advocacy approach,” says Shell.
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