ConocoPhillips, BP America Quit Climate Coalition

By Admin
ConocoPhillips and BP America - along with equipment maker Caterpillar - have said they are to leave the U.S. Climate Action Partnership (USCAP). They...
ConocoPhillipsBP America U.S. Climate Action Partnership USCAP

They said they backed efforts for a green economy but felt that proposed laws were unfair to them.

The firms will not renew membership in USCAP.

ConocoPhillips and BP America, a unit of British giant BP, said the bill under consideration did not attach enough importance to natural gas, which they promote as a way to curb carbon emissions blamed for global warming.

The bills "have disadvantaged the transportation sector and its consumers, left domestic refineries unfairly penalized versus international competition, and ignored the critical role that natural gas can play in reducing greenhouse gas emissions," said Jim Mulva, ConocoPhilips CEO.

In a statement, USCAP said its membership periodically changed and that it expected more companies to join.

Companies that remain in USCAP include oil giant Shell, conglomerates General Electric and Honeywell, as well as Ford and General Motors.

Edited by Ellie Duncan



Featured Articles

COP27 agrees to climate compensation fund

The deal is said to be a historic first in acknowledging the vast inequities of the climate crisis

North America's natural gas can help mitigate energy crisis

In the effort towards decarbonisation, North America could be a key player in providing affordable natural gas, addressing energy security issues

COP27: Egypt and Norway to build 100MW green hydrogen plant

Plant will be built in Egypt’s Ain Sokhna region, on the Red Sea coast, and will be implemented in cooperation with Scatec, the Norwegian energy giant

Renewable energy company Masdar opens office in Saudi Arabia

Renewable Energy

Ørsted closes US$140m transaction with ECP for US portfolio

Renewable Energy

ADNOC Drilling delivers world record well at Upper Zakum

Oil & Gas