BP and ConocoPhillips withdrew, saying they needed to focus not just on passing federal legislation, but rather on trying to shape it to the advantage of the oil and gas industry.
Oil and gas companies feel the bills in Congress are unreasonably tough on their industry, punishing it for producing fossil fuels instead of promoting the fuel that could drastically curb carbon emissions: natural gas. based on ‘well to wheels’. We recognize that natural gas can play a vital role in creating thousands of new jobs while reducing US GHG emissions. Climate legislation encourages the greater use of low-carbon fuels like natural gas, and more can be done in the near-term to encourage the use of this clean, abundant fuel and create sorely-needed jobs. Like other oil and gas companies, Shell is engaged with key senators in crafting appropriate provisions.
Full Story: Shell stays in US Climate Action Partnership as others withdraw - FT.com (blog)
Oil and gas companies feel the bills in Congress are unreasonably tough on their industry, punishing it for producing fossil fuels instead of promoting the fuel that could drastically curb carbon emissions: natural gas. based on ‘well to wheels’. We recognize that natural gas can play a vital role in creating thousands of new jobs while reducing US GHG emissions. Climate legislation encourages the greater use of low-carbon fuels like natural gas, and more can be done in the near-term to encourage the use of this clean, abundant fuel and create sorely-needed jobs. Like other oil and gas companies, Shell is engaged with key senators in crafting appropriate provisions.
Full Story: Shell stays in US Climate Action Partnership as others withdraw - FT.com (blog)
