LONDON ¨C Royal Dutch Shell on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies.
In its first review of its association with 19 key industry groups, the company said it had found ¡°material misalignment¡± over climate policy with the American Fuel & Petrochemical Manufacturers (AFPM) and would quit the body in 2020.
The review is part of Shell¡¯s drive to increase transparency and show investors it is in line with the 2015 Paris climate agreement¡¯s goals to limit global warming by reducing carbon emissions to a net zero by the end of the century.
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