Energy Exchange

Pennsylvania Announces Plan for Strongest Methane Rules in the Nation

By Andrew Williams / Published: January 20, 2016

(From left to right)
John Quigley, Secretary of Pennsylvania’s Department of Environment Protection, joins Cindy Dunn, Secretary of the Department of Natural Resources and Pennsylvania Governor Tom Wolf at a Facebook town hall event Jan. 19 to announce plans to regulate methane emissions from the state’s oil and gas industry.

Pennsylvania leaders have a duty to protect Keystone residents from oil and gas pollution. Fortunately, Governor Wolf and the Pennsylvania Department of Environmental Protection took an important step in that direction this week when they released a blueprint for cutting methane pollution from the natural gas industry.

“The goal here is to cover not only new sources of methane and VOC emissions [from oil and gas facilities], but also existing sources over time,” DEP Secretary John Quigley told hundreds of viewers during a live Facebook town hall event yesterday. “We want to have a comprehensive emissions program that is nation-leading. I think it’s the strongest set of provisions in the country, and I think the number two natural gas producing state in the nation should have the best regulations. That’s what we’re going to have in Pennsylvania.”

That’s a bold and laudable commitment – one that deserves our support to help make sure the promise becomes reality. Read More »

Posted in Air Quality, Methane, Natural Gas / Tagged Natural Gas, Pennsylvania | Comments are closed

Saving Texas’ Water through Smart Energy Choices in 2016

By Kate Zerrenner / Published: January 19, 2016

2015 proved to be another weird weather year around the country, especially for Texas. 80 degrees and dry in Austin on Christmas Day, spring wildflowers in bloom, and kids playing outside in shorts – a surprise ending to a wild ride of drought followed by devastating floods followed by drought and then more floods.

Texas is used to drought-flood cycles and extreme weather, but last year the pendulum seemed to swing wildly from one to the next. And climate models predict intense swings for the future as well: After the next flood is another drought, which will likely be more intense and longer than usual due to climate change.

Unfortunately, it seems like during our brief respites from drought, we also take a break from thinking about water scarcity. After the year we’ve just had, this should not be the case – water security should be at the top of Texans’ minds going into 2016. But there are two promising developments for our water future: the Clean Power Plan and examples that cities in other water-stressed Western states are setting. Read More »

Posted in Clean Energy, Clean Power Plan, Energy-Water Nexus, Texas / Comments are closed

The California Gas Disaster: What Comes Next and Where Else Could it Happen?

By Mark Brownstein / Published: January 14, 2016

The ongoing leak at the Aliso Canyon natural gas facility owned by Southern California Gas has driven more than 2,000 families from their homes in the Porter Ranch area of Los Angeles and prompted Gov. Brown to declare a state of emergency. It’s dumped an estimated 83 thousand metric tons of methane into the atmosphere so far (see our leak counter here), with no clear end in sight.

But what are the next steps from here? What are the wider implications of this continuing disaster; and where else could something like this happen? What do we do to prevent another Aliso, and how will Southern California make up for the environmental damages once the leak stops?

The troubling fact is that Aliso Canyon is just the tip of a very big iceberg, reflecting both the industry’s widespread methane problem, and the potential local risks of over 400 other storage facilities nationwide. It spotlights a longstanding, largely invisible problem, promising to shift political dynamics around solutions. And the penalty phase, when it comes, will hopefully codify important principles that will also have a big effect on industry behavior. Read More »

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

State of the Union Recap: We can Afford Obama’s Clean Energy Legacy

By John Finnigan / Published: January 13, 2016

In his final State of the Union address last night, President Obama did not spend any time bragging about his signature environmental achievements, such as the Clean Power Plan or the Paris climate accord. Instead, he highlighted the need for a more flexible electric grid in order to accelerate America’s transition to a clean energy economy, noting that, “Rather than subsidize the past, we should invest in the future.”

But some climate deniers and industry leaders alike are stuck in the past, and do not share Obama’s enthusiasm for a clean energy future. They argue that this path will cost too much and have a devastating impact on our economy. We’ve heard this argument before, and it doesn’t hold true. Read More »

Posted in Clean Power Plan, Climate, Energy Financing, Grid Modernization / Comments are closed

The Business Case against FirstEnergy’s Bailout

By Dick Munson / Published: January 13, 2016

Reading testimony filed before any public utility commission can be a mind-numbing exercise. Comments often are filled with jargon, acronyms, and other elements indecipherable to an outsider.

But when it comes to recent remarks from Ohio corporations about FirstEnergy’s proposed bailout, which would prop up its outdated power plants for the next eight years, the filings are clear – and damning. The business community sees right through the unfair deal. Read More »

Posted in FirstEnergy, Ohio / Comments are closed

Methane Emissions are Risky Business for Investors

By Sean Wright / Published: January 12, 2016

No one likes uncertainty, least of all investors. From changes in interest rates, to supply chain disruptions, the list of risks investors must monitor is long and growing. Good, actionable information is investors’ most important tool for risk management and integral to successful investing. Without proper data, investors are flying blind.

A new report published by EDF this week throws the spotlight on a growing risk for investors—methane emissions from the oil and gas sector. As so clearly demonstrated by the ongoing and massive leak at Aliso Canyon, methane emissions pose a multitude of expanding risks, with both short and long-term consequences.Three key risks from oil & gas methane

At 84 times more powerful than carbon dioxide in the short-term, methane emissions represent a potent and fast-emerging form of carbon risk. In a world looking to reduce carbon pollution, methane emissions pose regulatory, reputational and economic risks. Preparedness to comply with forthcoming rules varies across the industry, methane undercuts natural gas’ ability to play a role in a carbon-constrained world, and emissions of methane are lost product amounting to $30 billion a year globally. Read More »

Posted in Aliso Canyon, Methane, Natural Gas / Comments are closed