Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
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.
- Total, Shell, BP and Equinor have previously left some other trade associations.
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.