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

LINKS: www.us-cap.org

Share
Share

Featured Articles

Digital Realty & Schneider: Powering Net Zero Data Centres

With Schneider Electric, Digital Realty has signed five renewable energy PPAs, totalling 134MW, to bring its global renewable energy contract to 1.4GW

Collaboration Driving New Zealand's Renewable Energy Future

Spark and Genesis Energy will join forces to supply the telco with renewable energy to power its operations, providing a cleaner energy future for NZ

Is Volcanic Ash an Answer to Efficient Solar Energy Storage?

Volcanic ash, typically seen as a disruptive force, is now hailed by University of Barcelona researchers as a valuable energy storage medium

EY: How CEOs are Pushing Energy Transition Priorities

Sustainability

Reducing Low-Carbon Hydrogen Costs Key to Decarbonisation

Sustainability

Sustainability LIVE Among World’s Top Sustainability Events

Sustainability