Big Oil promises to put up a fight if Biden tries to restrict fossil-fuel development

Big Oil promises to put up a fight if Biden tries to restrict fossil-fuel development

Total, one of the world's largest oil companies, said Friday it would withdraw from the American Petroleum Institute.







Reuters













Welcome to Insider Energy, a weekly energy newsletter brought to you by Business Insider. 

Here's what you need to know:

Want to get Insider Energy in your inbox every Friday? Sign up here. Do you have feedback or story tips? Reach out to me at [email protected].

You know what was so hot? 2020. In fact, it tied with 2016 as the hottest year on record, according to NASA. Sigh. 

That was big news this week, as was a mass-retreat from corporate political donations, following the attack on The Capitol incited by President Donald Trump. 

ConocoPhillips and BP said they're suspending PAC donations for the first half of the year, The Washington Post reported. Marathon Petroleum, the largest US refiner, and Occidental Petroleum will also temporarily ban contributions. Exxon and Chevron didn't go so far and said their PACs are under review. 

Of course, that doesn't mean the industry is aligning with President-elect Joe Biden's priorities “¦ 





















The collapse of