Total Quits Leading U.S. Oil Lobby Over Climate Differences

Bloomberg Quint | Jan 15, 2021 at 9:03 PM
  • Total SE became the first oil major to quit the influential American Petroleum Institute due to a clash on climate change policy, a sign of the pressure the U.S. lobby group is likely to come under as Washington is about to again embrace the Paris climate agreement.
  • Although it has softened its views in recent years, including supporting the Paris deal, the API has traditionally lobbied against oil and gas regulation, and subsidies for electric vehicles.
  • Total in particular criticized the API for supporting candidates in the last U.S. elections who backed leaving the Paris agreement.