Author Archives: Ben Ratner

Three lessons industry should learn from surprising methane loss

 This post originally appeared on Forbes

Last week, the oil and gas lobby suffered a major and unexpected loss, when the Republican controlled Congress refused to eliminate the Bureau of Land Management’s (BLM) natural gas waste rule. While API has since requested a two-year stay in compliance, they should instead pause, learn the lessons presented by the CRA, and move forward according to the wishes of the American public.

Here are three lessons industry should learn.

1. They misread the mood of the American public

In the early days of the Trump Administration, its anti-climate, anti-environment agenda came into sharp focus. This looked like a golden opportunity to roll back environmental safeguards, including the BLM protections, which minimize the unnecessary flaring, venting, and leaking of natural gas on federal and tribal lands. With President Trump still in the early days of his victory, and single party control of both Houses of Congress, some saw a political opening, or even a voter mandate to weaken environmental protections.

But what they saw was a mirage: Absolutely no one voted for more pollution. Read More »

Posted in BLM Methane, Methane, Natural Gas| 1 Response

Trump Undermining Jobs That Conserve Natural Gas, But States Should Create Them

The biggest irony of the Trump Administration’s attack on environmental safeguards is that it will undermine a central promise of his candidacy: supporting boots on the ground, American jobs in growth sectors. One prime example? The emerging service industry that puts people to work finding and fixing harmful natural gas leaks.

American workers in the methane mitigation industry keep the product, methane (the main ingredient in natural gas), in the pipes and out of the sky. That’s a win for workers, who receive technology training, competitive wages, and opportunities for upward mobility. It’s a win for surrounding communities, as methane emission reductions also help keep smog-forming pollutants out of the air they breathe. It’s a win for oil and gas operators, which make operations more efficient and improve safety. And it’s a win for the climate, since methane is 84 times more potent in the near term than carbon dioxide.

In other words, if winning were more than a campaign slogan, supporting America’s methane mitigation industry would be an obvious opportunity to seize. Unfortunately, President Trump’s anti-jobs approach to undermining methane safeguards does just the opposite. Read More »

Posted in General, Jobs, Methane, Natural Gas| Comments are closed

Can Technology Save the Climate? These Companies are Betting $1 Billion It Can

Last November, on the same day the Paris climate agreement took effect, 10 of the world’s largest oil and gas companies, including BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total, announced a billion-dollar investment in climate solutions. Together, the member-companies of the Oil and Gas Climate Initiative (OGCI) produce 20 percent of the world’s oil and gas and operate in 55 countries.

Their commitment was the beginning sign of a growing and public recognition by the oil and gas industry that tomorrow’s low carbon energy transformation has become today’s new energy imperative.

Right now, the biggest, most pressing climate item for the oil and gas industry is methane. Importantly, OGCI’s announcement included a global focus on reducing methane, a powerful greenhouse gas. Far more potent than carbon dioxide over a 20-year timespan, methane is responsible for about a quarter of the warming we feel today. Read More »

Posted in Climate, General, Methane, Natural Gas| Tagged | Read 1 Response

Will Shareholders Get Money’s Worth As Oil Giants Link Executive Pay to Climate Results?

Wednesday, October 09, 2013 - Delegates at the 2013 Shell SEF Canada Conference in Kananaskis, Alberta, Canada. Photo by Chris Bolin / For POLARIS IMAGES Image File Name: 20131009_CB_Shell_SEF_0068.JPG ///

Money talks. That’s why one key element in the battle against climate change must be aligning the financial compensation of executives to tangible corporate efforts to decarbonize.

Better aligning incentives is particularly important in energy intensive industries, where the status quo can encourage decisions on strategy, investment, and operations that jeopardize the planet’s climate, while also generating risk to investors that can, ultimately, undercut a company’s long-term viability.

In a promising sign, Royal Dutch Shell CEO recently announced that executive bonuses at the oil and gas giant will include greenhouse gas goals. “We have linked executive remuneration in the past to energy intensity and next year we are going to make it even more specific to the CO2 footprint metrics associated with these energy efficiencies” he said. Ten percent of bonus payments to executives, including the CEO and CFO at Shell, will reportedly be linked to “greenhouse gas management”. Read More »

Posted in Methane, Natural Gas| Comments are closed

Three Ways Trump’s EPA Pick Is Bad For Business

14257556613_2f742f2bf3_zPresident-Elect Trump’s selection of Oklahoma attorney general Scott Pruitt as the next head of the Environmental Protection Agency has drawn swift criticism from environmental and health advocates.

Passing the nation’s environmental agency to one of its staunchest opponents risks upending the clean air and clean water that Americans of both parties demand. And looking deeper, Pruitt’s track record suggests he will harm the American economy while increasing pollution.

Here are three ways the Pruitt choice isn’t just bad for the environment, it’s bad for business Read More »

Posted in Clean Power Plan, Climate, Methane, Natural Gas| Comments are closed

The Value of Pursuing a Rational Middle in Polarized Times

rational-middleAt Energy Dialogues’ North American Gas Forum last month, I had the opportunity to participate on a panel moderated by Gregory Kallenberg of the Rational Middle. While the panel pre-dated the presidential election, the topic of constructive engagement through rational discourse is now more important than ever.

We explored how environmental groups, industry, and other stakeholders need to come together to rationally discuss and collaboratively act on the challenges of meeting rising energy demand while addressing real and growing environmental risks.

The still principally fossil-based energy system, which includes natural gas, is not the only cause of climate change, but it is the largest. And so a range of stakeholders, from protesters holding signs, to investors with a long term interest in the future of natural gas, to industry consumers, are looking with increasing criticism at fossil fuels. That was true before the election, and it’s true today. They’re asking: How can we reconcile the environment we want to protect for the future with the traditional energy and feedstock resources we are using now? Read More »

Posted in General, Methane, Natural Gas| Comments are closed
  • About this Blog

    EDF Energy Exchange - Accelerating the clean energy revolution

    EDF's energy experts discuss how to accelerate the transition to a clean, low-carbon energy economy.

    Follow EDFEnergyEX

  • Get blog posts by email

    Subscribe via RSS

  • Categories

  • Authors