Source: Tim Evanson Flickr
Today sixteen leaders of the nation’s largest environmental and conservation groups, including EDF’s president Fred Krupp, came together to call for urgent federal action to curb methane emissions from oil and gas development.
This past march, President Obama laid out his Strategy to Reduce Methane Emissions, where he announced that the Environmental Protection Agency will decide by this fall how best to reduce methane pollution from the oil and gas sector. The Strategy builds on the commitment from his 2012 State of the Union Address that the development of oil and gas resources must not put Americans' health and safety at risk.
Here are five reasons why reducing methane is a national priority that requires the Obama administration to follow through on its commitment:
Source: MIssy Schmidt/Flickr
The technologies we see today didn’t all start out in the forms we’re used to. The phones we carry in our pockets used to weigh pounds, not ounces. Engineers developed hundreds of designs for wind turbines before landing on the three-blade design commonly seen in the field.
Fast forward and now we're looking at a drunk-driver-and-alcohol sensor that was converted into a methane leak detector. And a sensor purchased off the web for less than $30 that was transformed into a monitor that fights off greenhouse gases.
I was excited to see the diversity of technologies such as these moving forward in the Methane Detectors Challenge. Read More
Methane is flared from a natural gas well site.
Bill McKibben is at it again—using his formidable analytical and rhetorical skills to challenge comfortable climate assumptions. In this case, the author and activist puts the heat on politicians, including Barack Obama and Hillary Clinton, who argue that natural gas can be a “bridge fuel” to a low-carbon energy future.
Since natural gas emits half the carbon of coal when it’s burned, supporting it gives politicians a way to position themselves as both pro-energy and pro-climate. But writing in Mother Jones, Bill questions whether switching from coal- to natural gas-fired electric generation brings any climate benefit at all.
Because natural gas is mostly methane, a potent greenhouse gas, he points out that if enough uncombusted methane is leaking from the natural gas supply chain, natural gas may be even worse for the climate than coal.
We couldn’t agree more. Read More
Throughout history, maps have played a critical role in shaping our decisions—helping us determine where we are going and how we are going to get there. Now, we’re using them to define a way to address climate change.
Environmental Defense Fund and Google Earth Outreach have worked together to launch a series of maps that show methane leaks from natural gas pipelines under city streets in Boston, Indianapolis and Staten Island. This new tool has the power to greatly improve cities’ and utilities’ ability to minimize methane emissions that contribute to global warming.
Why care about methane?
A recent tide of scientific studies about losses from the natural gas supply chain has made it clear the critical importance of reducing methane emissions (methane is the primary ingredient of natural gas).
One of natural gas's potential benefits over other fossil fuels is that when burned it produces less carbon dioxide emissions, half as much as coal. If used wisely to rapidly displace dirty coal power plants, for example, natural gas could help the country dramatically reduce overall greenhouse gas emissions. Read More
Also posted in Natural Gas Tagged Google
Source: Matthew Grimm
Not so long ago, people who worried about pollution in their local environment had few options. Getting answers required hands-on testing by trained experts with specialized equipment, or finding and sifting through scarce, hard-to-come-by data.
Today all of that is changing. A convergence of tech trends – inexpensive sensors, cloud computing and data analysis, and social media – is transforming environmental protection by giving people and organizations like Environmental Defense Fund the ability to collect and analyze huge amounts of information, then publish results for all to see.
Three cars, 15 million readings
We launched one of these powerful projects today.
Thanks to a partnership with Google Earth Outreach, EDF has mapped thousands of natural gas leaks beneath three American cities – Boston, Indianapolis, and New York City’s borough of Staten Island. Using three of the company’s famous Street View cars equipped with special sensors, we gathered millions of individual readings over thousands of miles of neighborhood streets.
The maps are available now, with many more to come. Read More
Yesterday we explored how Wyoming regulators and Governor Mead are making progress on a set of potentially strong air pollution measures in Pinedale and across the Upper Green River Basin of Southwestern Wyoming.
But today a similar drilling boom is happening in Converse and Campbell counties in the northeast area of the state. Unfortunately, none of these strong, sensible new air pollution requirements apply in these areas.
The numbers are stark. A full 80 percent of the current drilling in Wyoming is occurring out in the part of the state with the least restrictive air quality controls. The U.S. Bureau of Land Management is currently beginning a process to consider as many as 5,000 new oil and gas wells in Converse County alone, and equal or greater drilling activity is expected in neighboring Campbell County over the next decade.
Good energy policy ideas can come from all corners, and Wall Street is no exception.
Goldman Sachs recently served up a powerful case for action on methane in a stroke of market logic grounded in data. In a recent report, the investment bank argues that environmental regulation is more than a necessary evil when it comes to oil and gas development – it’s a vital enabler for economic growth.
There’s power in diverse groups coming together.
Goldman’s insight for the U.S. oil and gas industry – that the current environmental policy vacuum is a major cause of investor queasiness – suggests that markets can help drive environmental progress. Read More
By: Sean Wright, Senior Analyst, Corporate Partnerships
Source: Ash Waechter
Environmental concerns about methane emissions continue to grow as more people understand the negative climate implications of this incredibly potent greenhouse gas. Now the financial community is taking note of not only the environmental risks but the impact of methane emissions on the oil and gas industry’s bottom line. Methane leaks not only pollute the atmosphere, but every thousand cubic feet lost represents actual dollars being leaked into thin air—bad business any way you look at it.
Last week the Sustainability Accounting Standards Board (SASB)—a collaborative effort aimed at improving corporate performance on environmental, social and government issues—released their provisional accounting standards for the non-renewable resources sector, which includes oil and gas production.
These accounting standards guide companies on how to measure and disclose environmental, social, and governance (ESG) risks that impact a company’s financial performance. Their work highlights the growing demand amongst investors and stakeholders for companies to report information beyond mere financial metrics in order to provide a more holistic view of a company’s position.
A coal train rolls through a town in West Virginia, which produces more coal than any other state except for Wyoming.
Nobody was surprised to hear political foes of President Obama and leaders from several coal-dependent states blast EPA’s proposal to limit carbon pollution from America’s power plants.
The Clean Power Plan, released June 2, represents a big change in the way America will generate and use energy in the coming decades. We understand: Big changes are scary.
So it’s interesting to ponder which political leaders in states dependent on coal-fired power will, in the end, seize this historic opportunity.
Who will use the flexible policy tools offered in the Clean Power Plan to diversify their energy economies and unleash innovation to help their states grow? Who will show political courage? Read More
By Jukka Isokoski via Wikimedia Commons
The recent Energy Strong settlement between New Jersey regulators and Public Service Electric & Gas (PSE&G), the state’s largest utility, should help reinforce vulnerable energy infrastructure ahead of future severe storms. Last month, the Board of Public Utilities (BPU) agreed that customers could fund $1.2 billion in PSE&G improvements to New Jersey’s electric grid to make it more resilient and efficient. As a participant in the case, EDF was encouraged that PSE&G agreed to necessary changes to its grid to protect against more extreme weather events.
PSE&G, which had originally asked for $2.6 billion in storm-related hardening funds, submitted its Energy Strong proposal to regulators in the wake of Superstorm Sandy, which knocked out electricity for a third of homes and businesses in the state for weeks.
The BPU denied EDF and other environmental organizations full intervener status, preventing us from mounting a full case that would have included expert witnesses on proven climate science and the increased likelihood of future superstorms, the pressing need to take aggressive action to make our existing electric and gas distribution grids more resilient, and the need to transition to a smarter, more decentralized energy system. Although our status in the case was limited by the BPU’s decision, we managed to argue for and win some positives for the environment: Read More