Oil giant releases first of its kind report that is likely to reverberate across the industry
Royal Dutch Shell Plc’s position on climate change is misaligned with about half of the trade associations it’s a part of, and the disagreement with one is so severe the company will let its membership lapse next year.
Shell will leave the American Fuel & Petrochemical Manufacturers association next year because of its climate-change policy stance. It also named nine other groups that it disagrees with, including the powerful American Petroleum Institute and the U.S. Chamber of Commerce, but said it will “engage further” with them.
Trade associations have long been a target of environmental activists who support tougher regulation on the industry. Following investor pressure, Shell said last year it would prove through greater reporting that it isn’t funnelling money into institutions that hinder progress on cutting greenhouse-gas emissions.Of the nine groups it’s misaligned with but will stay a member, Shell only disagrees with some of their positions.
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