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Responsible Investment charity ShareAction has applauded oil giant BP’s confirmation that it will not renew its membership of a controversial US-based lobbying group which promotes climate change skepticism.
ShareAction asked a question about BP’s membership of the American Legislative Exchange Council at the company’s Annual General Meeting in 2014, and subsequently wrote to BP asking them to leave the group.
BP confirmed its decision not to remain a member during a webinar with its investors last week.
BP’s decision to withdraw from the group puts pressure on Shell, which remains a member of ALEC. Occidental Petroleum announced its departure from ALEC a few months ago, a year after ConocoPhillips did the same.
ShareAction Chief Executive Catherine Howarth said: “BP has said it is committed to moving towards a low carbon future but its membership of ALEC has undercut this public position. It’s good to see the company has decided to stop this Jekyll and Hyde behaviour.
"BP is also a member of European lobby groups which have stood in the way of more rigorous climate change legislation including BusinessEurope, CEFIC, FuelsEurope and OGP. We hope that BP will now review whether the activity of these lobby groups aligns with its commitments on climate change."
Picture credit: BP
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