The coronavirus is inflicting a heavy toll on America: Over 100,000 dead, almost two million infected, and more than 40 million unemployed. Beating the virus is the top priority. But we also need to put people back to work as fast as safety allows. How we go about that now will determine our nation’s economic future for decades.
To achieve lasting prosperity, we need to rebuild better by investing in jobs that restart the economy, improve the environment and move us to a cleaner future.
Hundreds of diplomats and heads of state will converge on the United Nations this week to discuss urgent actions to prevent catastrophic climate change. Just a few blocks away, CEOs and other top executives of the world’s largest oil and gas companies will host a meeting of their own, where they will also be talking about the climate, aiming to showcase the industry’s efforts to address greenhouse gas emissions.
It’s just a 10-minute walk between the two, but the symbolic journey is more like a thousand miles — and oil and gas producers are still struggling with the first steps. Their New York gathering, part of something called the Oil & Gas Climate Initiative (OGCI), could reveal important signs as to how serious they are about picking up the pace.
That challenge is stark: The world’s economy needs to reach net-zero greenhouse emissions by the end of this century if we are to have better-than-even odds of limiting warming to two degrees. Net-zero means not putting more carbon into the atmosphere than we can take out. To hit the global goal, Europe, the U.S. and other advanced economies must get to net-zero by 2050.
A blogger has made the false allegation that Environmental Defense Fund is advocating for the construction of a proposed natural gas pipeline under New York harbor.
This is simply wrong. EDF is not advocating for the pipeline in question, known as the Williams NESE pipeline. We made that point clear two weeks ago in a blog of our own. The blogger, Rob Galbraith, simply ignores this.
A first-ever look at climate impacts
Mr. Galbraith is responding to a study prepared by consultants M.J. Bradley & Associates, who were hired by the utility National Grid to assess the climate impacts of the pipeline over time. Read More
Put aside any notion that oil and gas industry leaders might be growing less focused about methane. Whether motivated by economics or pressure from major investors, the overwhelming impression we’ve had at major industry gatherings this year has been just how deeply methane emissions have permeated the conversation.
At some moments, this year’s CERAWeek felt as much like a climate conference as an oil and gas convention.
That’s not to say the problem is solved, or that our work is anywhere near done. To the contrary, the shift is a reflection of how much more lies ahead now that the issue has been firmly established. What is clear, however, is the widespread recognition that how companies handle methane is a core business challenge that will help shape the gas industry’s prospects in a decarbonizing energy landscape.
Once considered a niche environmental concern, methane emissions have emerged as a strategic issue for oil and gas companies around the world. The reason is simple: methane emissions from human activities account for over one quarter of our planetary warming today, and the global oil and gas industry is responsible for nearly 30% of this.
Voluntary methane mitigation efforts by industry are necessary but not sufficient to fully address the scale of the problem. Government and civil society must also be engaged. At present the only global forum where industry, government and civil society come together on the issue is the Oil & Gas Methane Partnership (OGMP), an UN-backed initiative that provides companies a platform through which to report their methane emissions and credibly share their actions and results with the public.
For years, people used satellites to observe the Earth’s climate. Now, orbital sensing offers a crucial new way to protect it, by giving us new abilities to identify, measure, and ultimately verify cuts in emissions of methane – a highly potent greenhouse gas.
Two new pieces of research led by EDF scientists demonstrate the growing potential of space-based monitoring tools, and offer a preview of things to come when EDF launches its own dedicated methane satellite in 2021.
Offshore Flaring in Mexico
First is a paper published this week in Geophysical Research Letters, explaining how researchers used space-based readings to calculate the enormous volume of natural gas being burned off (or “flared”) by oil and gas platforms in the Southern Gulf of Mexico. From 2005 and 2017, data from NASA’s Aura satellite show that operators flared as much as 710 billion cubic feet of gas per year.