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Photo: Jonathan Raa/NurPhoto via Getty Images

Oil-and-gas giant Total said this morning that it's leaving the American Petroleum Institute, which is the industry's most powerful U.S. lobbying group.

Why it matters: It's the biggest rupture yet between European-headquartered multinational oil majors and U.S.-based trade groups over climate policy.

What they're saying: France-based Total cited several differences with API.

  • They noted API is part of a group that opposes electric vehicle subsidies.
  • They also cited differences on carbon pricing and that "API gave its support during the recent elections to candidates who argued against the United States’ participation in the Paris Agreement."

Where it stands: API said the world's energy and environmental challenges benefit from a diversity of views and approaches.

  • "As a member-driven organization, we do not support subsidizing energy because it distorts the market and ultimately proves harmful to consumers," the group said.
  • The industry is focused on "meaningful action and shaping policy at all levels of government to reduce U.S. emissions and ensure access to affordable and reliable energy," they said.

Editor's note: This story was updated with a response from API.

Go deeper

Ben Geman, author of Generate
Jan 29, 2021 - Economy & Business

Chevron posts another quarterly loss under weight of pandemic

Photo: Justin Sullivan/Getty Images

Chevron posted another quarterly loss Friday in the latest sign of how the pandemic is still weighing on oil companies despite some price recovery during the second half of the year.

Driving the news: The oil giant reported a $665 million loss for the October-December period, but it shrinks to $11 million on an adjusted basis after considering charges on its acquisition of Noble Energy and "foreign currency effects."

Bryan Walsh, author of Future
45 mins ago - Technology

How the automation economy can turn human workers into robots

Illustration: Sarah Grillo/Axios

More than outright destroying jobs, automation is changing employment in ways that will weigh on workers.

The big picture: Right now, we should be less worried about robots taking human jobs than people in low-skilled positions being forced to work like robots.

House passes $1.9 trillion COVID relief package

Photo: Screenshot via C-SPAN

The House approved President Biden's $1.9 trillion COVID relief package on a 219-212 vote early Saturday morning, sending it to the Senate for a possible rewrite before it gets to Biden's desk.

The big picture: The vote was a critical first step for the package, which includes $1,400 cash payments for many Americans, a national vaccination program, ramped-up COVID testing and contact tracing, state and local funding and money to help schools reopen.