BP won't quit controversial US oil lobby. Its CEO explains why
CNN
French oil giant Total made waves early this year when it broke with the American Petroleum Institute, the largest and most powerful oil lobby in the United States, because of its stance on climate issues.
BP's (BP) pledge to slash oil production by 40% this decade has put it ahead of many industry peers in the transition to greener energy. But it doesn't plan to follow Total's lead and quit the API.
"There are areas of difference [with the API]," BP CEO Bernard Looney told CNN's Christiane Amanpour in an interview Monday. Still, it's "better [to] be inside and influencing than outside," he added.
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