Three Firms Depart U.S. Climate Partnership

BP, Caterpillar and ConocoPhillips say they will not renew their memberships in the U.S. Climate Action Partnership (USCAP; Washington), leaving Shell as the sole oil major remaining in the group. USCAP, a coalition of environmental groups and companies, supports legislation mandating a cap-and-trade program for limiting U.S. greenhouse gas emissions. Chemical firm members include Dow Chemical and DuPont. ConocoPhillips chairman and CEO Jim Mulva says the company needs to redirect its efforts to better protect the interests of domestic refineries and...

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