Energy Exchange

5 questions on flaring for investors to ask oil and gas companies

For investors concerned with environmental, social and governance issues, flaring poses one of the most immediate and material risks to shareholder value in the oil and gas industry. For an industry that prides itself on operational excellence, flaring is a waste of potentially saleable product and an unsustainable industry practice with detrimental climate and public health effects.

But the practice of routine flaring, which burns off natural gas at oil and gas sites when producers are unprepared to transport or store the fuel, is also a challenge with clear opportunity for solutions. As J.P. Morgan Asset Management recently observed, “flaring is a problem with multiple solutions and a compelling long-term economic proposition.”

As industry, investors and Texas regulators begin to acknowledge the problem, how can shareholders support management teams’ continuous improvement and understand which operators are getting it right and which are not keeping pace?

Asking the right questions through shareholder engagement is a good place to start.

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Also posted in Methane, Natural Gas, New Mexico, Texas / Comments are closed

New multi-state collaboration makes an important commitment to electric trucks and buses

As our nation grapples with a historic public health crisis, 15 states and the District of Columbia are showing leadership by committing to address a dangerous culprit that makes us more vulnerable to COVID-19 and climate change: diesel pollution from trucks and buses.

These pollutants have significant negative consequences on air quality and health. Despite comprising just 10% of vehicles on the road across the U.S., trucks and buses are responsible for 57% of fine particulate matter, 45% of oxides of nitrogen and 28% of greenhouse gas emissions for that sector.

Besides increased planetary warming, pollution from diesel vehicles leads to a higher rate of asthma, heart attacks and premature deaths — ailments that disproportionately affect people of color and disadvantaged communities, which often border freight corridors, ports and depots. A growing body of evidence suggests that people with respiratory illnesses, often caused or exacerbated by transportation-related pollution, are more susceptible to the effects of COVID-19. Read More »

Also posted in California, Clean Energy, Colorado, Electric Vehicles, New Jersey, New York, North Carolina, Washington, DC / Tagged | Comments are closed

Electrifying trucks and buses is an opportunity for lasting change, one we can’t afford to miss

The U.S. is still struggling to contain the spread of COVID-19 and quantify the human and economic consequences of this historic tragedy. But already, leaders are contemplating how we’ll restore our economies. Will we rebuild a replica of what we had, or will we invest in ideas that will make society more resilient, healthier, cleaner and more equitable?

The transportation sector is on the cusp of massive change, and one segment within it is ripe for reinvention: medium- and heavy-duty vehicles. These include everything from semi-trucks and delivery vans, to city buses and garbage trucks — the overwhelming majority of which are powered by diesel engines.

Electrifying this segment was an opportunity for lasting change before the COVID-19 economic crash. Now that countries are considering where to invest to rebuild their economies, it’s an opportunity we can’t afford to miss.

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Also posted in California, Climate, Electric Vehicles / Tagged | Comments are closed

Three things California should do to prepare for more electric trucks and buses

California is moving fast to replace dirty, gas-guzzling heavy-duty vehicles with cleaner, electric choices as a way to combat air pollution and climate change.

Both fleets and electric utilities need to rethink the way they build the charging stations needed to power these vehicles. Charging stations should be as affordable as possible, and help electric vehicles integrate more renewable energy into the grid. The California Public Utilities Commission is working with stakeholders to set out key guidelines, targets and metrics to reach those goals. This process, known as the Transportation Electrification Framework, is unquestionably a step in the right direction, but in order to maximize its impact there are some key things the CPUC should keep in mind.

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Also posted in California, Clean Energy, Climate, Electric Vehicles / Comments are closed

Now is not the time to pump the brakes on fleet electrification

The coupled economic impacts of the pandemic and global oil crisis are expected to hit passenger electric vehicle sales hard, with a recent Bloomberg analysis predicting an 18% drop in sales this year. But many commercial fleets and state policymakers are continuing to push forward on their plans to electrify trucks and buses, even in these uncertain times.

We are seeing proof of this across the zero-emission vehicles market. In order to meet their long-term climate commitments as well as near-term policy requirements, fleet operators are continuing to accelerate their investments in electrification.

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Also posted in California, Clean Energy, Climate, Electric Vehicles / Comments are closed

Mexico can rebuild a cleaner, stronger energy economy post COVID-19

This piece was first published in El Universal

Times of great turmoil sometimes bring the opportunity for great progress. As leaders around the world work to protect the sick and vulnerable from COVID-19, while also moving to restart their economies, they have a chance to rebuild better — creating a world that’s cleaner and healthier than before. This means investing in an economy that creates more jobs and less pollution, including less of the air pollution that causes diseases that put people at higher risk for severe illness from COVID-19.

It should be a world with fewer deaths from heart and lung disease triggered by air pollution, a world with a safer and more stable climate for our children and grandchildren. This is the kind of world we can create if we heed the lessons of this terrible pandemic.

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Also posted in Clean Energy, Climate, Electric Vehicles, Methane, Methane regulatons, Mexico, Natural Gas / Comments are closed