February 26, 2020 / 12:09 PM / a month ago

BP quits three key U.S. petroleum groups over climate divergences

LONDON, Feb 26 (Reuters) - BP said it will leave three U.S. petroleum trade groups, including the country’s main refining lobby, due to misaligned views over the energy transition to battle climate change.

The decision comes after BP Chief Executive Officer Bernard Looney, who took office earlier this month, set one of the oil sector’s most ambitious targets for curbing carbon emissions with a vow to “re-invent” the 111-year old company in the face of the climate challenge.

The London-based company said in a report on Wednesday that it will quit the American Fuel & Petrochemical Manufacturers (AFPM), following similar moves by other European rivals.

BP will also not renew its membership in the Western States Petroleum Association (WSPA) and Western Energy Alliance (WEA), it said.

Reporting by Ron Bousso, editing by Louise Heavens

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