logo
  

Total Withdraws From U.S. Trade Association American Petroleum Institute

Total (TOT,TTA.L) said Friday that it will not renew its membership in the American Petroleum Institute, U.S. trade association for the oil and natural gas industry, due to disagreements over their climate-related policies and activities.

Total alleged that the American Petroleum Institute or API maintains its support for the rollback of U.S. regulation on methane emissions, which the company opposed in November 2019.

Total also alleged API is part of the Transportation Fairness Alliance, which is opposed to subsidies for electric vehicles. API expresses differing positions regarding the carbon pricing principle.

Moreover, API gave its support during the recent elections to candidates who argued against the United States' participation in the Paris Agreement, Total said.

In February 2020, BP had said that it would leave American Fuel and Petrochemical Manufacturers and the Western States Petroleum Association, due to material differences regarding policy positions on carbon pricing.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT