Big Oil Capitulates to Big Green Scaremongers re Climate Change

Although we have a deep respect for the work done by the American Petroleum Institute (API) in self-governance and raising standards for the entire industry, today we write to disagree with one of API’s initiatives. API along with two other big oil and gas associations–the International Petroleum Industry Environmental Conservation Association (IPIECA) and the International Association of Oil and Gas Producers (IOGP)–collaborate to produce a document called the “Sustainability Reporting Guidance for the Oil and Gas Industry.” It’s a tool to help companies shape the structure and content of their so-called sustainability reporting. In our opinion, it’s a capitulation to the notion that we must transition to an all-renewable energy future. We categorically reject that losing premise.

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