In shift, oil industry group backs federal price on carbon
FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. President Joe Biden shut down oil and gas lease sales from the nation's vast public lands and waters in his first days in office, citing worries about climate change. Now his administration has to figure out what do with the multi-billion dollar program without crushing a significant sector of the U.S. economy, while fending off sharp criticism from congressional Republicans and the oil industry. (AP Photo/Charlie Riedel, File)
WASHINGTON (AP) — The oil and gas industry's top lobbying group on Thursday endorsed a federal price on carbon dioxide emissions that contribute to global warming, a reversal of longstanding policy that comes as the Biden administration has pledged dramatic steps to address climate change.
The American Petroleum Institute, whose members include ExxonMobil, Chevron and other oil giants, announced the shift ahead of a virtual forum Thursday by the Interior Department as it launches a months-long review of the government's oil and gas sales...
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