Climate Policy Engagement Analysis
Climate Policy Engagement Overview: PBF Energy (PBF) demonstrates limited engagement on climate policy, but broadly opposes science-aligned policy to decarbonize transportation in the US. The company is a member of several industry associations that actively oppose climate policy in the United States, including the Western States Petroleum Association and the American Fuel and Petrochemicals Manufacturers.
Top-line Messaging on Climate Policy: PBF Energy has extremely limited top-line messaging on climate policy. In its 2024 Annual Report, the company appeared critical of climate science, stating that only “some scientists” concluded that increased GHG emissions are leading to climate change. In the same report, PBF acknowledged the risks of climate policy on its business, but did not take a clear position on the need for climate regulation. The company does not appear to have taken a public position on the need for IPCC-aligned emissions reductions or the Paris Agreement.
Engagement with Climate-Related Policy: PBF takes negative positions on climate-related policy. In a May 2025 letter submitted to the Director of the US Office of Management and Budget, the company advocated for reduced renewable fuel volume targets under the Environmental Protection Agency (EPA)’s Renewable Fuel Standard (RFS). In a November 2024 podcast interview, PBF Energy’s Vice President of Government Affairs, Brendan Williams, appeared to oppose California’s Low Carbon Fuel Standard. According to its federal lobbying disclosure report from Q2 2024, PBF Energy advocated against proposed Corporate Average Fuel Economy (CAFE) standards for passenger cars and light-duty trucks.
Positioning on Energy Transition: PBF has limited engagement with policy related to the energy transition, though its positions appear mostly negative. In a November 2024 podcast interview, PBF Energy’s Vice President of Government Affairs supported a long-term role for oil and fossil gas in the energy mix and appeared to support measures to protect domestic oil refineries. In its Q4 2023 federal lobbying disclosure report, PBF Energy disclosed support for HR 4468, the "Choice in Automobile Retail Sales Act," which limited the EPA's ability to mandate the use of specific technologies aimed at reducing environmental impact of vehicles. In a December 2023 comment to the Ohio legislature, PBF supported a bill to prevent the state from adopting California’s vehicle decarbonization regulations.
Industry Association Governance: PBF Energy has not published a review of its industry association memberships and climate policy engagement. PBF’s President and CEO, Matt Lucey, is a board member of the American Fuel & Petrochemical Manufacturers (AFPM). The company is also a member of the Western States Petroleum Association (WSPA) and the Consumer Energy Alliance. Each of these organizations actively oppose climate policy in the United States.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information, see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q3 2025.