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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