Energy Exchange

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

By Ben Ratner / Published: March 28, 2017

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 »

Also posted in Climate, General, Natural Gas / Tagged | Read 1 Response

6 Ways President Trump’s Energy Plan Doesn’t Add Up

By EDF Blogs / Published: March 23, 2017

By Jeremy Proville and Jonathan Camuzeaux 

Just 60 days into Trump’s presidency, his administration has wasted no time in pursuing efforts to lift oil and gas development restrictions and dismantle a range of environmental protections to push through his “America First Energy Plan.” An agenda that he claims will allow the country to, “take advantage of the estimated $50 trillion in untapped shale, oil, and natural gas reserves, especially those on federal lands that the American people own.”

Putting aside the convenient roundness of this number, its sheer size makes the policy sound appealing; but, buyer beware. Behind the smoke and mirrors of this $50 trillion is an industry-commissioned Institute for Energy Research (IER) report that lacks serious economic rigor. The positive projections from lifting oil and gas restrictions come straight from the IER’s advocacy arm, the American Energy Alliance. Several economists reviewed the assessment and agreed: “This is not academic research and would never see the light of day in an academic journal.”

Here are six reasons Trump’s plan can’t deliver on its promises. Read More »

Also posted in Aliso Canyon, Clean Energy, Electricity Pricing, Gas to Clean, Natural Gas, Social Cost of Carbon / Comments are closed

Study: Emissions from power plants, refineries may be far higher than reported

By EDF Blogs / Published: March 16, 2017

By Joe Rudek and David Lyon

A new peer-reviewed paper in Environmental Science and Technology suggests that methane emissions from natural gas power plants and oil refineries may be significantly higher than accounted for in current inventories. The report estimates average hourly methane emissions 11 to 90 times higher for refineries, and 21 to 120 times higher for natural gas power plants than those calculated from data provided by facility operators to Environmental Protection Agency’s Greenhouse Gas Reporting Program.

By multiplying total CO2 emitted annually by all US natural gas power plants and refineries (as tallied by EPA) by the methane-to-CO2 emission ratio determined in the study, the authors estimate yearly methane emissions from the nation’s refineries and gas-fired power plants are twenty times higher than currently reported. Read More »

Posted in Methane / Comments are closed

New Reports Raise Health Concerns About Emissions From California’s Oil and Gas Industry

By Irene Burga / Published: March 13, 2017

For decades communities in California who live close to oil and gas facilities have reported experiencing unbearable odors of gas, headaches, nausea, respiratory problems, and even cardiac complications as a result of the industry’s emissions. The health impacts of oil and gas pollution were made crystal clear last year after a massive gas leak at a Southern California storage facility led to mass hospitalizations and forced hundreds of families to evacuate their homes.

But massive gas leaks like the one at Aliso Canyon aren’t the only cause for alarm. A string of new reports confirm what many concerned communities have known for years: oil and gas emissions from across the entire supply chain can wreak havoc on our health, and are often higher than experts previously thought. Read More »

Also posted in Air Quality, Aliso Canyon, General, Natural Gas / Comments are closed

States Underscore U.S. Methane Momentum, Latest Reason for Canada to Press Ahead

By Drew Nelson / Published: March 8, 2017

U.S. states are accelerating steps to reduce oil and gas air pollution. Just last week Ohio – which has a Republican Governor, and Republican-controlled Senate and House – joined the list of states targeting oil and gas emissions with a new methane policy that requires operators to check for leaks at compressor stations four times a year. Showing that it’s not a matter of politics, but smart policy to require oil and gas companies to regularly inspect for and repair leaky equipment.

At the same time, Canada is developing its own requirements to cut oil and gas methane emissions by 45 percent, an effort that some in industry are resisting over concerns of possible U.S. federal policy changes. But Canada needs to keep its eyes on the states where action has taken hold for good reason.

Methane, a powerful pollutant, has emerged as a key energy and environmental challenge.

Natural gas is mostly methane. When it leaks and is vented from thousands of oil and gas facilities, methane loss to the atmosphere is wasted energy that hurts not only businesses but local economies. Read More »

Also posted in General, Natural Gas / Tagged , , | Comments are closed

In Early Action, EPA Administrator Pruitt Moves to Block Communities’ Right to Know about Oil and Gas Pollution

By Peter Zalzal / Published: March 7, 2017

Last Thursday, EPA Administrator Scott Pruitt withdrew the agency’s Information Collection Request (“ICR”) for the Oil and Natural Gas Sector, abruptly halting the gathering of information on harmful methane, smog-forming and toxic pollution from these industrial sources.

In announcing the move, Administrator Pruitt hailed the benefits for the oil and gas industry, but notably ignored the interests of everyday Americans right to know about harmful pollution from oil and gas facilities.

Pruitt’s action also stops EPA from obtaining information that can inform future safeguards against this pollution. Even though cost-effective, common-sense best practices and technologies exist to reduce emissions from oil and gas facilities, most existing facilities in this sector are largely exempt from any requirements to control the vast quantities of pollution they emit.

This flawed decision is at odds with the core tenets of the agency Administrator Pruitt is entrusted to lead and inimical to the health and environmental laws he has committed to faithfully execute. Unfortunately, it is also altogether predictable. Indeed this action—which allows oil and gas companies to withhold vital pollution data from thousands of sites across the country— reflects and reinforces concerns raised about Administrator Pruitt’s ability to lead an agency that he has persistently sought to undermine. Read More »

Also posted in Natural Gas / Comments are closed