OSLO: Equinor will leave industry lobby group the Independent Petroleum Association of America over a disagreement about climate policy, the energy producer said on Friday.
"We believe that IPAA's lack of position on climate leaves the association materially misaligned with Equinor's climate policy and advocacy position," the company said in its review of industry associations. U.S. President Donald Trump's administration proposed in 2019 rescinding Obama-era limits on oil and gas industry emissions of methane, one of the main pollutants scientists link to climate change.Equinor also said it would remain a member of the American Petroleum Institute and the Australian Petroleum Production & Exploration Association despite some"some misalignments" with the company's climate policies.
"We will also encourage APPEA to take a clear stand on supporting carbon pricing in Australia and not supporting carryover of credits from the Kyoto protocol to the Paris Agreement," it added.
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