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 »

Posted in Climate, General, Methane, 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 »

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

Keeping America Great: Smart Rules Can Help The Economy And Nature Prosper

By Diane Regas / Published: March 21, 2017

Barely a month after his inauguration, President Trump is proceeding with plans to dismantle protections under the Clean Air Act and Clean Water Act.  The targets include limiting pollution into streams and wetlands that flow into drinking water for a hundred million Americans, automobile fuel economy standards that cut tailpipe pollution, and performance standards under the Clean Power Plan that would boost renewable power and fight climate change.  Trump and his EPA Administrator, Scott Pruitt, have drawn up reckless plans to slash EPA’s budget—greeted with derision even by some Republicans in Congress.  With the tragic story of Flint still fresh in people’s minds, the President is betraying the demands of his own supporters — fully 64% of Trump voters want to maintain or increase spending on environmental protection.

These actions are a tragic wrong turn for the country — and not just because they threaten to roll back decades of progress on air and water pollution, and the recent steps forward on climate change.

What I especially worry about are the lost opportunities for economic growth, new jobs, and the competitiveness of American companies — at a time when China and others are stepping up.

Read More »

Posted in California, Clean Energy, Energy Financing, Energy Innovation, Grid Modernization, Illinois, Renewable Energy / Tagged | Comments are closed

Scientists Question Risks of Using Oilfield Wastewater on Food Crops

By Dan Mueller / Published: March 21, 2017

The engineers and scientists who study the oil and gas industry’s wastewater know the term “beneficial reuse” well. It’s the seldom-used technique of taking wastewater produced from an oil or gas well, treating it, and then using it for other purposes — like watering crops (including organic crops) or feeding livestock.  It’s a rare practice that drought-stricken areas like California have used for a number of years, although little is known about associated health or safety risks since, usually, about 98% of wastewater is injected into disposal wells deep underground. However, as demands for water increase, and concerns about disposal wells (which have been linked to earthquakes) rise, beneficial reuse is being considered as a viable option.

But just because we can use wastewater for other purposes – does that mean we should? Read More »

Posted in Natural Gas, produced water / Tagged , | 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

Biting the Biggest Apple: New York’s New Plan to Reward Distributed Energy Resources

By Ferit Ucar / Published: March 15, 2017

How do we compensate those who add clean electricity to our shared power grid? This fundamental question has affected the rate at which the U.S. has adopted, deployed, and put into use clean, distributed energy resources such as energy efficiency, batteries, electric vehicles, and rooftop and community solar.

At the core of our new distributed energy electricity system are resources that work better during specific times and weather conditions, and thereby have more value at some moments than others. So, it’s crucial to take time and location into account to properly identify the value of these clean energy resources and how they should be fairly compensated. Solving for price can spur much needed investment in renewable resources and lower the cost of clean energy development, while reducing emissions.

Last week, the New York Public Service Commission (PSC) brought us a step closer to figuring how to fairly compensate distributed energy by issuing a long-awaited order to establish an interim pricing structure that encourages the evolution of distributed energy markets and better aligns with Reforming the Energy Vision (REV), the state’s initiative to build a cleaner, more efficient, and customer-centric electric system. Read More »

Posted in Clean Energy, Electricity Pricing, New York, New York REV, Social Cost of Carbon, Utility Business Models / Tagged | Comments are closed