Energy Exchange

Methane Momentum at COP26: What you missed and what’s ahead

Methane had a major moment on the world’s stage last week at the annual United Nations climate conference when more than 100 countries pledged to reduce global methane emissions by 30% this decade. Not only that, we also saw the U.S. Environmental Protection Agency propose enhanced protections to reduce methane pollution from oil and gas infrastructure nationwide. Both actions are critically important to help rapidly cut emissions of a potent climate pollutant that’s driving at least a quarter of current global warming.

The acute focus on the world’s methane problem — and consequently what to do about it — was elevated in the most recent assessment by the Intergovernmental Panel on Climate Change. But it’s also been the result of tireless decades of work and effort led by scientists, policy experts and environmental advocates who have been actively studying the major sources of methane emissions in search of potential solutions. Many stopped by the Methane Moment pavilion at COP 26 to share insights about what led to this moment, and where we go from here.

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Posted in Methane, Methane regulatons / Comments are closed

Here’s what you need to know about EPA’s landmark methane proposal

By Edwin LaMair and Grace Smith

Last week the Environmental Protection Agency proposed methane standards that will, for the first time, apply to the nation’s nearly one million existing oil and gas wells and other facilities. A critical step that charts a path to major emission cuts.

As methane takes the spotlight on the world stage and countries raise their ambition for cutting this potent greenhouse gas, EPA’s final rules will play a central role in U.S. commitments to reducing methane and achieving climate goals.

The proposals to reduce oil and gas methane emissions, the largest industrial source of methane in the U.S., were met with widespread public support, not only from environmental groups, but also health and child advocates, tribal officials and investors concerned about climate risk.

To comprehensively protect our communities and climate, EPA must further strengthen its proposal — as it has stated it plans to do in a supplemental proposal issued next spring — by requiring monitoring across smaller, leak-prone wells and eliminating the wasteful and polluting practice of routine flaring.

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Posted in Methane, Methane regulatons, Natural Gas / Comments are closed

New California law will make it easier to finance electric trucks, buses

By Michael Colvin and Lauren Navarro

Gov. Newsom signed a new law today that will help accelerate the much-needed transition to electric trucks and buses. In addition to transforming the California market and cleaning up the state’s air, this law can serve as a national model for other states interested in accelerating the adoption of clean trucks and buses.

The new law, Senate Bill 372, directs the California Air Resources Board and the state treasurer’s office to offer a suite of financial incentives to help owners of medium- and heavy-duty trucks and buses pay for the costs of replacing their diesel-fueled fleets with cleaner, zero-emission alternatives. Examples include a loan loss reserve, credit enhancements, performance warranties and sale guarantees.

What is particularly innovative about this new law is that it uses the public dollar to attract private capital in ways that traditional rebates do not. Research indicates that this leverage will be critical to getting clean trucks and buses on the road at scale.

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Posted in Air Quality, California, Electric Vehicles / Comments are closed

A new way to track truck pollution

By Timothy O’Connor and Aileen Nowlan

SunPower, a solar power and energy services provider, is starting to ship solar panels in electric heavy-duty trucks powered by — you guessed it — solar energy. The question that communities and investors are starting to ask is, why isn’t everybody?

How long can a company go without a plan to end goods transport powered by fossil fuels, and what are the health and climate consequences of the status quo?

Despite making up only about 4% of the vehicles on the road, diesel trucks are responsible for over half the smog-forming pollution from the transportation sector and a quarter of the climate emissions. This pollution is projected to grow, as demand for freight moved by trucks is on track to increase about 25% by 2030.

The local impact of this pollution is significant. Recent studies in places such as Oakland, California and Houston — two regions with large port operations and associated goods movement equipment located in or near environmental justice communities — have proven that diesel truck pollution leads to increases in childhood asthma rates and lower life expectancies in frontline communities.

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Posted in Air Quality, California, Electric Vehicles, Texas / Comments are closed

OGMP reporting framework offers investors a clear and credible standard to understand and track oil and gas methane emissions

By Andrew Baxter

Thanks to a decade of groundbreaking research, methane emissions from oil and gas operations have advanced from a relative afterthought among climate pollutants to an A-list issue in the global climate conversation, as well a widely acknowledged reputational, regulatory and financial liability for the industry.

Major investors are demanding responsible methane action from oil and gas companies. But assessing progress is challenging because of an overall lack of reliable data, and the fact that standards vary widely for the methane accounting that does exist.

Traditional estimates of methane from oil and gas production have been found to underestimate emissions by 60%. In certain oil and gas basins, studies have found emission rates to be more than 10 times higher than industry figures. Despite a growing number of voluntary reduction targets, reporting methods lack standards and transparency, making it virtually impossible to draw meaningful comparisons over time or across companies.

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Posted in Methane / Comments are closed

Bipartisan Texas law smooths the path toward a more vibrant EV market

By Daniela de Souza

On September 1, a bill that helps businesses build a better, brighter future for electric vehicles in Texas will become state law.

SB 1202, makes it possible for companies or individuals that own or operate equipment used solely for electric vehicle charging services to avoid being regulated as electric utilities or electric retail providers.

The Texas Utilities Code requires electric utilities to provide continuous and reliable electricity service on a non-discriminatory and transparent basis. In a January 2021 report to the Texas Legislature, the Public Utility Commission of Texas explained that these safeguards protect customers at their homes and businesses, where uninterrupted electric service preserves lives and livelihoods.

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Posted in Electric Vehicles, Texas / Comments are closed