Photo: Kena Betancur/VIEWpress/Corbis via Getty Images

ExxonMobil is working to encourage a major Washington lobbying group to support policies addressing climate change, according to a top company official.

Why it matters: Facing public, investor and legal pressure, oil companies are increasingly backing action on the issue of climate change while still remaining members of trade associations whose positions don’t align with that shift. At issue here is the American Fuel & Petrochemical Manufacturers, whose focus is oil and gas refining.

Driving the news: Royal Dutch Shell, under pressure from activist investors, announced earlier this year it was leaving AFPM, citing "material misalignment"" on climate policies. Exxon is opting to stay and try to influence the group’s positioning, Nick Schulz, Exxon’s director of stakeholder engagement, said at a recent conference.

Where it stands: "They are very aware of what our view is and we are trying to get AFPM to a different position,” said Schulz. “There are other members of AFPM that have a very different view on this."

  • Schulz, who made these comments at a breakfast hosted by The Atlantic at the Aspen Ideas Festival last week in Colorado, said AFPM’s work on other issues — namely safety — are valuable to Exxon.
  • An Exxon spokesperson said the company doesn't support AFPM's position against increasing fuel efficiency standards.

Between the lines: Exxon also supports the 2015 Paris Climate Agreement and a carbon tax. Those positions ring hollow to many environmentalists who accuse the oil giant of having muddled the science on climate change decades ago in an effort to stymie action.

  • Yet Exxon also faces skepticism among smaller oil companies and some conservative interest groups for what they see as a massive corporation trying to push out its smaller competitors via government policy.

One level deeper:

“We also think working within the organizations trying to move them along is better than the alternative, which is what some companies have done, which is you exit the trade association. But, then you lose your ability to influence in any way shape or form, which doesn’t mean you don’t ultimately take that step some time, but we think that sometimes that can be counterproductive in the long run.”
— Nick Schulz, Exxon's director of stakeholder engagement

For the record: A spokesman for AFPM said the group has never taken an official position on the Paris Climate Agreement, and is committed to reducing carbon emissions by making more efficient transportation fuels. “We continue to work with our members to evaluate various proposals and the role we can play in the overall effort,” the spokeswoman said by email.

Go deeper: Inside Exxon’s climate strategy

Go deeper

Quibi says it's shutting down

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Quibi, the mobile-only video subscription streaming service, is shutting down, the company announced Wednesday. The company said the decision was made to preserve shareholder equity.

Why it matters: Quibi had struggled to hit its subscriber growth targets amid the global pandemic. The app launched six months ago.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Senate Democrats block vote on McConnell's targeted COVID relief bill McConnell urges White House not to strike stimulus deal before election.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: New York reports most COVID cases since MayStudies show drop in coronavirus death rate — The next wave is gaining steam.
  4. Education: Schools haven't become hotspots — San Francisco public schools likely won't reopen before the end of the year.
  5. World: Spain becomes first nation in Western Europe to exceed 1 million cases.
3 hours ago - Podcasts

House antitrust chair talks USA vs. Google

The Justice Department filed a 63-page antitrust lawsuit against Google related to the tech giant's search and advertising business. This comes just weeks after the House subcommittee on antitrust issued its own scathing report on Google and other Big Tech companies, arguing they've become digital monopolies.

Axios Re:Cap talks with Rep. David Cicilline (D-R.I.), chair of the subcommittee on antitrust, about Google, the DOJ's lawsuit and Congress' next move.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!