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BP CEO Bernard Looney speaks during an event in London on Feb. 12. Photo: Daniel Leal-Olivas/AFP via Getty Images

Oil-and-gas giant BP is planning to leave at least two industry trade groups due to differences over climate change policy, The Washington Post reported Tuesday night.

Driving the news: BP is expected to leave American Fuel & Petrochemical Manufacturers (AFPM), and the Western States Petroleum Association (WSPA), they report. The WSPA confirmed to Axios that BP is leaving.

  • The WashPost report also says that BP "might also pull out of a third association."

Why it matters: The move signals wider fault lines within the industry over climate as some companies, including BP, call for steps including carbon pricing and regulating methane emissions.

Yes, but: WashPost notes that BP is expected to remain with the American Petroleum Institute, the industry's most powerful lobbying group. BP did not immediately provide comment Tuesday night.

Catch up quick: BP, when announcing new emissions pledges two weeks ago, said it was reviewing its trade association memberships and would announce the outcome by the end of this month.

  • New CEO Bernard Looney said BP would advocate for their views within the groups, be "transparent" about differences, and "where we can't reach alignment, we will be prepared to leave."
  • Oil giants Shell and Total announced their departures from AFPM last year.

Go deeper: Carbon capture leaders team up on net-zero emissions

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.

Democrats' hypocrisy moment

Illustration: Eniola Odetunde/Axios. Photo: Ray Tamarra/Getty Images

Gov. Andrew Cuomo should be facing explicit calls to resign from President Biden on down, if you apply the standard that Democrats set for similar allegations against Republicans. And it's not a close call.

Why it matters: The #MeToo moment saw men in power run out of town for exploiting young women. Democrats led the charge. So the silence of so many of them seems more strange — and unacceptable by their own standards — by the hour.

Police officers' immunity from lawsuits is getting a fresh look

Illustration: Aïda Amer/Axios

Nearly a year after the death of George Floyd, advocates of changes in police practices are launching new moves to limit or eliminate legal liability protections for officers accused of excessive force.

Why it matters: Revising or eliminating qualified immunity — the shield police officers have now — could force officers accused of excessive force to personally face civil penalties in addition to their departments. But such a change could intensify a nationwide police officer shortage, critics say.