Shell to Quit American Fuel & Petrochemical Manufacturers Over Climate Policy

Date : 04/02/2019 @ 12:25PM
Source : Dow Jones News

Shell to Quit American Fuel & Petrochemical Manufacturers Over Climate Policy

Royal Dutch Shell (LSE:RDSB)
Historical Stock Chart

6 Months : From Mar 2019 to Sep 2019

Click Here for more Royal Dutch Shell Charts.

By Oliver Griffin


Royal Dutch Shell PLC (RDSB.LN) said Tuesday that it won't renew its membership with industry association American Fuel & Petrochemical Manufacturers in 2020, due to a material misalignment over climate policy.

The Anglo-Dutch oil-and-gas major said it decided to part ways with AFPM after conducting its first review on its association within 19 industry groups.

The company said it found some misalignment with nine other bodies, including the American Petroleum Institute and FuelsEurope.

Chief Executive Ben van Beurden said it was important that Shell's participation in industry associations is consistent with the company's views.

Mr. van Beurden said: "We must be prepared to openly voice our concerns where we find misalignment with an industry association on climate-related policy. In cases of material misalignment, we should also be prepared to walk away."


Write to Oliver Griffin at; @OliGGriffin


(END) Dow Jones Newswires

April 02, 2019 07:10 ET (11:10 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest RDSA Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.