BP and ConocoPhillips have decided to leave the Climate Action Partnership, as they believe that the natural gas and motor-fuel sectors would suffer under the proposed climate bill. Poorly crafted legislation would lead to an increase in oil imports and refinery shutdowns in the country, said Ronnie Chappell, a spokesman for BP. ConocoPhillips CEO Jim Mulva, meanwhile, said the measure overlooks the role of natural gas in reducing carbon emissions.

Related Summaries