Shell to Quit American Fuel & Petrochemical Manufacturers Over Climate Policy
April 02 2019 - 7:25AM
Dow Jones News
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 oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
April 02, 2019 07:10 ET (11:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Shell 'A' (NYSE:RDSA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Shell 'A' (NYSE:RDSA)
Historical Stock Chart
From Sep 2023 to Sep 2024