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market access and price transparency for (2) Mr. Leon’s functional responsibilities the objectives of the Paris Agreement; our
their physical barrels of crude oil,” said AJ will include finance and planning, reserves, belief in the necessity to implement carbon
“Jim” Teague, co-chief executive officer of business development, investor relations pricing; our confidence in the key role that
Enterprise’s general partner. “This project and supply chain; (3) Mr. Preston will have natural gas plays in the energy transition;
will leverage the strengths of two major responsibility for legal, IT, human resources our support for policies and initiatives that
midstream infrastructure systems, featuring and government and external affairs; (4) Mr. promote the development of renewable
five pipelines serving the Permian Basin Kerns will have responsibility for all aspects energy; and our support for the development
capable of delivering 2 million barrels per day of operations and development; and (5) Mr. of CO2 capture and storage.
of crude oil into the Houston market (with the Contreras will lead the marketing function. These items are detailed in the Getting to
potential for third-party pipelines to double These organisational changes, when fully Net Zero report issued in September 2020.
the capacity of Permian Basin crude oil into implemented, are expected to reduce the Following the 2019 and 2020 reviews,
the market), a robust Gulf Coast storage company’s run rate costs by approximately API’s positions were assessed as “partially
position, redundant connectivity to every $8mn per year (representing a 22% reduction aligned” with those of the group. Certain
refinery in the Houston area, and access to the in senior leadership team costs) and result in divergences, which have been discussed
largest network of crude oil export terminals one-time charges of approximately $5mn. within the association, remain today:
located along the Houston Ship Channel.” Mr. McFarland said: “This streamlined regarding the role of natural gas, API
MAGELLAN MIDSTREAM PARTNERS AND leadership team is the first step in better maintains its support for the rollback of US
ENTERPRISE PRODUCTS PARTNERS, January positioning the company to focus on regulation on methane emissions, which the
21, 2021 implementing additional cost reductions, group opposed in November 2019; regarding
maintaining our capital discipline and asset transport decarbonisation, API is part of the
California Resources rationalisation through our full-scale business Transportation Fairness Alliance, which is
review. We will continue to maintain our
opposed to subsidies for electric vehicles;
announces functional focus on safe and environmentally responsible regarding the carbon pricing principle, API
expresses differing positions to those of Total.
operations as we implement changes to
realignment and the company’s organisation and strategic Moreover, API gave its support during the
direction.”
recent elections to candidates who argued
streamlining of leadership CALIFORNIA RESOURCES, January 21, 2021 against the United States’ participation in the
Paris Agreement.
team Total withdraws from considerable contribution, for over a
“The Group acknowledges the API’s
California Resources announced today the American Petroleum century, to the development of our industry.
that it is reducing the size of its leadership Nevertheless, as part of our Climate Ambition
team and realigning several functions as it Institute made public in May 2020, we are committed
focuses on efficiency and cost reductions. The to ensuring, in a transparent manner, that
company is eliminating leadership positions Following a detailed analysis of the climate the industry associations of which we are a
in the areas of public affairs, exploration and positions of the American Petroleum Institute member adopt positions and messages that
development, investor relations and finance, (API), Total announces its decision not to are aligned with those of the group in the
and implementing the following functional renew its membership for 2021. fight against climate change”, said Patrick
realignment: (1) reporting to Mac McFarland Each year, Total assesses the main industry Pouyanné, Chairman and CEO of Total. “This
(interim CEO) will be Francisco Leon associations of which it is a member to ensure transparency responds to our stakeholders’
(chief financial officer), Mike Preston (chief they are aligned with the group’s climate expectations, as well as being an essential
administrative officer and general counsel), positions. This alignment review is based on guarantee of the credibility of our strategy.”
Shawn Kerns (executive vice president, six key points: our science-based position that TOTAL, January 15, 2021
operations and engineering), and Carlos the link between human activity and climate
Contreras (senior vice president, commercial); change is an established fact; our support for

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