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Policy

Fragmenting US Oil Lobby Risks Leaving Oil Majors in the Cold

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US oil industry lobbying is fracturing. Major oil and gas companies are overhauling their strategies in response to investor and social pressure on climate risk, but industry-focused lobby groups aren’t moving in tandem. That's partly because big groups like the American Petroleum Institute (API) also represent smaller producers who have different priorities. And even in areas like taxation, where there is generally more agreement, majors showed less interest than smaller independents in preserving long-standing production tax deductions, for example. A further fracturing might blunt the direct impact of industry lobbying.

Topics:
Policy and Regulation, Low-Carbon Policy, Corporate Strategy
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