Energy Exchange

Investors: Methane targets wanted

With upcoming annual meetings full of shareholder resolutions calling on companies to set greenhouse gas (GHG) reduction targets, EDF released "Taking Aim", a new paper explaining why methane targets are the next frontier for the oil and gas industry and establishing five keys for strong targets. The paper explains how companies that set targets are more likely to be successful when it comes to securing methane emission reductions. Setting targets also demonstrates to investors that corporate decision makers understand methane risk management is critical to competing in an ever-cleaner energy market.

With the Task Force for Climate-Related Financial Disclosure (TCFD) framework also highlighting the importance of targets, “Taking Aim” provides some initial guidelines that can help frame what an ambitious, leading target looks like for oil and gas industry methane.

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Posted in Methane, Natural Gas / Comments are closed

What ALA’s most recent State of the Air Report reveals about oil and gas air pollution in the Western U.S.

The American Lung Association released its annual State of the Air Report today, revealing what many communities have known for quite some time: air pollution from oil and gas operations is a growing concern.

Air pollution has often been a challenge for highly-populated areas of the United States, but it is an issue rural communities have largely been able to avoid. However, that seems to be changing according to the ALA’s findings.  La Plata County in Colorado and Duchesne and Uintah counties in Utah all received an “F” grade due to high levels of ozone.  None has a population over 60,000 people, but each is home to significant amounts of oil and gas production.

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Posted in Air Quality, BLM Methane, Colorado, Natural Gas, New Mexico, Wyoming / Comments are closed

As moratorium on North Carolina wind power winds down, economic opportunity appears on the horizon

I’ve never been more optimistic about wind power in North Carolina and the benefits it will bring our state. And, given that we’re in the middle of a very unfortunate 18-month moratorium on wind project permits, that’s saying something.

I’m optimistic because the benefits of wind power are making themselves crystal clear. Here are few of the highlights:

More money for individuals and communities

In Pasquotank and Perquimans counties, Avangrid Renewables — the operator of the Amazon Wind Farm — has become the largest taxpayer after just one year of operation. Avangrid’s $520,000 annual local tax payments provide a big boost for the community, because they create new opportunities for investments in local schools, fire departments, and public safety services. Read More »

Posted in Clean Energy, North Carolina, Wind Energy / Comments are closed

California bill aimed at wildfires effectively bans clean energy that may help prevent them

California experienced one of the worst wildfire seasons in its history last year. In response to widespread devastation, the state’s legislature introduced a bill last week, SB 1088, requiring regulators to establish fire risk reduction and mitigation standards for utilities. Environmental Defense Fund (EDF) strongly supports compensating Californians harmed by the fires and taking steps to prevent future fires. However, as currently written, the bill includes unnecessary provisions that would severely limit Californians' access to distributed energy resources. Ironically, these are the tools that can help the state more quickly and cheaply fight climate change – a large contributor to its fire risk. Read More »

Posted in General / Read 1 Response

Sitting down with BP to discuss its new methane target

As part of its Energy Transition report, BP announced a stringent new quantitative target to address its emissions of methane, a powerful greenhouse gas pollutant. Effective immediately, BP will target limiting methane emissions from its global upstream oil and gas operations that market natural gas to 0.2 percent. Ben Ratner, Senior Director with EDF+Business, sat down with Paul Jefferiss, Head of Policy, BP, to learn more.

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Posted in Methane, Natural Gas / Comments are closed

EPA’s updated annual oil and gas methane inventory doesn’t convey entire picture

The U.S. Environmental Protection Agency (EPA) released its annual update to the 2016 U.S. Inventory of Greenhouse Gas Emissions (GHGI) yesterday, showing a slight decrease in total greenhouse gas emissions from 2015 to 2016.

Methane, a potent greenhouse gas and the main constituent of natural gas, is responsible for roughly a quarter of global warming we see today. The GHGI estimates that 2016 methane emissions from the oil and gas industry were 8.37 million metric tons, down just over one percent from 2015 levels.

This decrease is misleading – it’s too slight a dip to indicate that industry is getting a better handle on methane. Studies also suggest that the inventory misses vast amounts of emissions from abnormal process conditions, or super-emitters.

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Posted in Methane, Natural Gas / Comments are closed