By Syndicated Content
By Ron Bousso
LONDON (Reuters) â BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change.
BP, which plans to sharply cut its oil output and boost its renewable energy capacity over the next decade, said in a report that despite âuneven progressâ, the API was âheading in the right directionâ.
The API has faced growing pressure from member companies and activist groups to change its policies relating to climate change and drilling regulations.