Oil Lobby Backs Climate Action Plan

The oil industry’s top lobbying group will push Congress for legislation to price carbon emissions across the economy, in a sharp policy turnabout a decade after the industry helped kill a similar effort to address climate change.

The board of directors of the American Petroleum Institute, one of Washington’s most powerful trade associations, which for years worked to play down the impact of climate change, on Thursday approved a “climate action framework,” a wide-sweeping plan to lower the emissions blamed for global warming.

It backs increasing government and industry collaboration,...