(Adds IPAA reaction)
OSLO, March 27 (Reuters) - Equinor will leave
industry the Independent Petroleum Association of America (IPAA)
lobby group over a disagreement on climate policy, the energy
producer said on Friday.
The Norwegian company is undertaking a review of its
memberships of industry associations under an agreement with a
group of institutional investors, the Climate Action 100+,
signed last April.
The Washington-headquartered IPAA represents thousands of
independent oil and natural gas producers and service companies
across the United States.
"We believe that IPAA's lack of position on climate leaves
the association materially misaligned with Equinor's climate
policy and advocacy position," the company said in its review of
industry associations.
Specifically, Equinor cited the IPAA's support for the U.S.
Environmental Protection Agency's (EPA) roll-back of U.S.
federal methane regulations, which the company opposes.
U.S. President Donald Trump's administration last year
proposed to rescind Obama-era limits on oil and gas industry
emissions of methane, one of the main pollutants scientists link
to climate change.
The IPAA said that membership of its association was "a
company-by-company business decision".
"Our membership, represented by our national board of
directors, determines the association's policy positions," a
spokeswoman said.
Equinor also said it would remain a member of the American
Petroleum Institute (API) and the Australian Petroleum
Production & Exploration Association (APPEA) despite "some
misalignments" with the company's climate policies.
The group said it expected API to make further progress in
strengthening its support for the Paris climate agreement,
tightening methane emissions regulations and marking out a
clearer stance on carbon pricing.
"We will also encourage APPEA to take a clear stand on
supporting carbon pricing in Australia and not supporting carry
over of credits from the Kyoto protocol to the Paris Agreement,"
it added.
Under its agreement with Climate Action 100+, Equinor has
committed to make sure that all memberships in more than 100
industry associations, including oil, gas and renewable energy,
align with its support for the goals of the Paris Agreement.
BP said in February that it would leave the American
Fuel & Petrochemical Manufacturers (AFPM) refining lobby group
and two other trade bodies because of disagreements over climate
policies.
Royal Dutch Shell and Total last year
said that they would not renew their memberships of the AFPM.
Equinor is not a member of the group.
(Reporting by Nerijus Adomaitis
Editing by Jan Harvey and David Goodman)
BP (BP.)
