Washington’s Most Powerful Oil Lobby Faces Reckoning on Climate Change
WASHINGTON—The American Petroleum Institute, Washington’s biggest lobby for the oil-and-gas industry, spent decades leveraging its financial muscle to fight almost every green initiative in its path.
The core of the plan called for two policies API had opposed for years: more regulation on methane, a potent greenhouse gas that leaks from oil-and-gas operations, and a price on carbon, a financial penalty levied on all carbon-dioxide emissions.The challenge of climate change, it said, requires “new approaches, new partners, new policies and continuous innovation.â€.You may change your billing preferences at any time in the Customer Center or call.