MOSCOW (MRC) -- BP has decided to leave three US trade groups because of material differences over climate policies, said Reuters.
BP said its view on carbon pricing and that of the American Fuel & Petrochemical Manufacturers (AFPM) were “at odds and currently we have no areas of full alignment."
"BP will pursue opportunities to work with organisations who share our ambitious and progressive approach to the energy transition," Looney said in a statement.
It will also not renew its membership in the Western States Petroleum Association (WSPA) and Western Energy Alliance (WEA).
"AFPM is and has been committed to supporting policies that address climate change,” said AFPM Chief Executive Chet Thompson. “Because of that, it leads us to assume that this decision was made based on factors other than our actual positions on the issues."
BP, one of the largest U.S. refiners and petrochemical producers and fuel retailers, will remain a member of the American Petroleum Institute, the country’s largest energy association.
That decision prompted criticism from Greenpeace U.K. climate campaigner Mel Evans, who said API was the lobby group that helped overturn U.S. methane restrictions.
BP has called for placing a price on carbon emissions in order to push out the most polluting fossil fuel production including coal and encourage investment in renewable energy.
Royal Dutch Shell and Total last year both said they would not renew their memberships in the AFPM.
Oil and gas companies are under pressure from investors and climate activists to meet the 2015 Paris climate goal of limiting global warming to below 2 degrees Celsius from pre-industrial levels.
As MRC informed earlier, BP said the deadly coronavirus outbreak could cut global oil demand growth by 40 per cent this year, putting pressure on Opec producers and Russia to curb supplies to keep prices in check
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,093,260 tonnes in 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments rose from both domestic producers and foreign suppliers. The estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).
BP is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.
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