Energy Exchange

What the world’s largest provider of oilfield services has to say about innovation and regulation

Here is something you don’t hear every day: oil and gas methane regulations can reinforce innovation and leadership. Numerous new methods to reduce oil and gas methane emissions are being developed; and regulators, environmentalists, oil companies and innovators are working together to craft a new way for innovation to be recognized and rewarded.

I interviewed Drew Pomerantz of Schlumberger, the world’s largest provider of oilfield services, about what new methods and technologies are available to reduce oil and gas methane emissions, what their impact might be, and what is needed to realize that potential.

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Posted in Fourth Wave, Methane, Methane regulatons / Comments are closed

Investors urge companies to support methane regulations. Are they listening?

Over the past few weeks, companies like BP, Equinor, Exxon and Shell have publicly stated their support for direct federal regulation of methane. It is not every day that a company asks for more rules rather than less. What’s one of the driving forces behind these public position reversals? Investors.

Investors have been an important pressure point in moving these companies to their new policy positions, and they continue to wield their influence to encourage more companies to join.

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Posted in Methane, Methane regulatons / Comments are closed

Momentum building on methane, Europe’s climate blind spot

In a new resolution on the European Union’s (EU) net-zero strategy, the European Parliament once again acknowledged the political urgency for legislation on what has, to date, been Europe’s climate blind spot: methane emissions. This vote on March 14, is the fourth significant development in the space of the last six months, raising expectations that the EU is finally embracing a major opportunity to better characterize emissions of methane and take action to unlock cost-effective mitigation.

Methane is a short-lived climate pollutant. Increases of methane in the atmosphere from human activity account for more than 25 percent of the warming we currently experience. According to the Intergovernmental Panel on Climate Change (IPCC), over a 20 year period, methane has a global warming potential (GWP) up to 87 times higher than CO2. While methane breaks down in a decade, carbon dioxide sticks around for more than a century. To avert climate catastrophe in the near term and long term, we must reduce both.

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Posted in Europe, Methane, Methane regulatons / Comments are closed

A new energy future for Puerto Rico beyond recovery

By Daniel Whittle and Ronny Sandoval

Hurricane Maria’s devastation of Puerto Rico in 2017 was overwhelming. Nearly 3,000 people lost their lives. Basic services, including power and water, were knocked out for months and the economy ground to a halt.

Power and other services have since been restored to nearly all parts of the island, but the long-term recovery continues. This recovery may not attract as much news as the disaster that led to it, but for Puerto Rico’s long-term prosperity, it is just as important and urgent as restoring basic services.

Puerto Rico’s grid was outdated and fragile before the hurricane, so simply rebuilding and restoring it to pre-Maria condition would be a mistake. Instead, the people of Puerto Rico have an opportunity to build a new energy system that can better protect residents from future super storms, improve the quality of life for everyone and support the island’s economy for decades to come. This will take local leadership, collective action and a new approach to how the energy system is designed, financed and managed.

Communities have been making remarkable progress towards rebuilding. Following their lead is key to making any solution to Puerto Rico’s energy crisis successful in the long term. Together, investors, businesses and nonprofit organizations can add to these efforts by sharing their experiences and new ideas to create a better energy future for Puerto Rico. Read More »

Posted in Clean Energy / Tagged , , | Comments are closed

New clean energy legislation in Illinois has customer and community needs at its core

Jobs. Equity. Savings. Economic development. Social justice. These are a few of the terms being used to describe the ground-breaking Clean Energy Jobs Act, a new bill in Illinois which Environmental Defense Fund (EDF) played a key role in developing and supporting.

Introduced by the Illinois Clean Jobs Coalition and policymakers around the state, the Clean Energy Jobs Act (affectionately called CEJA or “see-juh”) has racked up almost 60 legislative sponsors in the weeks since its introduction.

Here are four reasons Illinois’ Clean Energy Jobs Act stands out as a nation-leading proposal.

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Posted in CEJA, Energy Equity, Illinois / Comments are closed

Industry momentum builds for nationwide methane regulation

Oil and gas companies in the United States are the latest to add their voices to the broad set of stakeholders supporting federal regulation of methane emissions from the oil and natural gas sector. These companies have a major responsibility to reduce methane emissions, a key step in the energy transition. This week in Houston, at CERAWeek, Shell, ExxonMobil and BP took important steps to support nationwide direct methane regulation, with Shell urging the Environmental Protection Agency (EPA) to not deregulate methane emissions and to even tighten standards.

There is more opportunity than ever before to regulate and reduce emissions in ways that work for industry and the environment. As ExxonMobil wrote, federal methane regulation “helps build stakeholder confidence, and provides long-term certainty for industry planning and investment while achieving climate related goals.”

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Posted in Fourth Wave, Methane, Methane regulatons / Comments are closed