Energy Exchange

Houston: We Have Another Problem

nervous_investor2-300x205As oil and gas leaders converge on Houston for the year’s largest industry conference, CERA Week, falling oil and gas prices are understandably top of mind and a cause for concern for the industry. But there is another decline story underway in industry, one that poses a risk to the future of hydrocarbons in a carbon constrained world – a story of falling trust.

While today’s $30 oil price is disruptive in the short-term, new information on the very low level of public trust in the oil and gas industry should prompt concern from executives and investors about possible longer-term disruption to companies’ social license to operate.

The Industry’s Public Trust Problem

Recent polling conducted by KRC Research for EDF found that a mere 29 percent of Americans trust oil and gas companies to operate responsibly. Strikingly, even among Republicans, the trust rate is under 40 percent.

Digging deeper into the numbers, just 15 percent of Americans trust the oil and gas industry to be accurate in disclosing how much pollution they cause.

So what do these results mean? Read More »

Posted in General, Methane, Natural Gas / Read 4 Responses

Clean Energy Can Help Tackle Rural Poverty

Growing up in eastern North Carolina was a great experience. Wayne County was my home, and I spent many weekends fishing for bass and hunting quail with my father on the family farm in nearby Bladen County. The time outdoors was great for character building, and visiting with relatives, friends, and elders in the community was equally important for understanding my heritage and the challenges my parents overcame.

You see, Bladen County is classified as a “persistent poverty county” by the National Rural Electric Cooperative Association, meaning the poverty rate has exceeded 20 percent of the population for the last 30 years. More than 25 percent of Bladen residents live in poverty. My family, friends, and elders were no exceptions. Despite the struggles, the personal connection to the land, water, and wildlife nourished and empowered the farming community.

When I joined Environmental Defense Fund (EDF) eight years ago, I seized the opportunity to find inclusive solutions to environmental problems. I started hunting for two different kinds of game: first, diversifying the traditional definition of environmental leadership and second, increasing access to clean, affordable energy for everyone. The two go hand-in-hand. Let me explain. Read More »

Posted in EDF Climate Corps, Energy Efficiency, Energy Equity, Energy Financing, North Carolina, Solar Energy / Read 2 Responses

After the Aliso Disaster: Less Gas Storage, More Clean Energy Through Increased Market Efficiency

By: Mark Brownstein & Tim O’Connor4157619250_29ac89191b_o

The nearly four-month disaster at the Aliso Canyon storage facility owned by Southern California Gas Company has spurred widespread calls to close the sprawling underground reservoir, and cast intense scrutiny on the 13 other similar facilities around California. But others, including Governor Jerry Brown and key state agencies, say the facilities may be needed to keep the electric grid running reliably.

Ironically, one reason for dependence on this fossil fuel is California’s renewable energy boom.

As things currently stand, there aren’t enough responsive resources on the grid to simultaneously manage the large daily swings in consumer electricity demand typical in California and swings in renewable energy output due to variations in time of day and weather.

A more robust grid in combination with innovative energy storage and energy management technology will eventually reduce these swings, but may take decades to fully deploy.  Until then, fast-acting gas-fired generation is necessary for balancing system operations. This has become a rallying cry for SoCalGas and the rest of California’s oil and gas industry in the wake of Aliso Canyon. Read More »

Posted in Aliso Canyon, California, General, Methane, Natural Gas / Read 2 Responses

Despite Overwhelming Nationwide Support for Clean Energy, Poll Shows Personal Disconnect

SolarWorker_iStock_000010582663_RF (1)Often lost in greens’ advocacy is how a cleaner environment improves the lives of individuals. People hear, “Save the trees!” or “Use clean energy!” But if you’re out of work or can’t afford the electricity bill, you may ask, “How do these environmental efforts help me and my family?”

Yesterday, the University of Texas released its newest UT Energy Poll, which was conducted in January and concerns nationwide views on energy issues. The results indicate attitudes toward clean energy are overwhelmingly positive. This data also suggests, however, that people do not place as high of a priority on energy issues as they do on more personal issues, such as job creation.

Perhaps people don’t realize the extent to which clean energy and economic gains are actually closely linked. Therefore, investing in clean energy solutions will align with the public’s support and help address their biggest concerns. Read More »

Posted in Renewable Energy, Texas / Read 3 Responses

When The Polluter Lobby Pollutes The Facts on Methane

The oil and gas industry emits at least 7 million metric tons of methane pollution into the atmosphere each year with a growing mountain of scientific evidence that suggests the real amount is actually even higher. Despite the fact that this pollution has an undue effect on global warming, the industry effectually wants us to “be ok” with this pollution.

The latest piece from industry lobbying group Energy In Depth (EID) claims that recent methane research finds “very low emissions,” and that regulatory action to reduce them further is unwarranted. It isn’t the first time we’ve heard this argument and for that reason, here’s a refresher on the facts.

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Posted in Methane, Natural Gas / Read 3 Responses

California Back In The Saddle On Tackling Oil And Gas Pollution

9194136580_6eb9c79293_oAfter nearly ten months of waiting, California regulators at the state’s Air Resources Board stepped up this month in a big way to reduce emissions of the powerful greenhouse gas methane from the state’s oil and gas industry.

For a state that prides itself on leading the charge to fight climate change, it was odd to see California had been lagging behind others when it came to addressing methane pollution. After all, methane is such a powerful short-term climate forcer that it’s responsible for a quarter of the warming we feel today. Now, by introducing long-awaited draft rules tackling the problem, the golden state has put itself back in the game.

A rule worthy of praise – with still room for improvement

Several provisions in the draft rule represent some of the strongest standards in the nation and have the potential to seriously advance the conversation on methane controls. Among them, the new rule proposes to cover both new and existing sources in oil and gas fields – something that should draw the federal government’s attention as it contemplates whether to include both types of categories in its proposed national rules. The rule also uses better science than prior proposals – evaluating methane’s impact based on its 20-year impact rather than a longer 100-year value. Read More »

Posted in Methane, Natural Gas / Read 2 Responses