Energy Exchange

Methane a potential blind spot for Canadian oil and gas industry, says investor

By Sean Wright / Published: March 1, 2018

While a growing number of global oil and gas companies step up to reduce methane emissions, many operators in Canada have hesitated to take concrete action, perhaps waiting instead for federal and provincial regulations to address the issue.

EDF’s Sean Wright recently sat down with Jamie Bonham, Manager of Corporate Engagement at NEI, a Canadian investment firm based in Toronto with $6 billion in assets under management. Bonham is concerned many Canadian operators do not understand the full scope of their oil and gas methane problem, but says there is considerable opportunity for Canadian companies to exert leadership.

Posted in Methane, Natural Gas / Comments are closed

Industry-backed white paper low-balls oil & gas methane impact

By Ilissa Ocko / Published: February 28, 2018

A white paper by the Gas Technology Institute’s Center for Methane Research is drawing attention in industry circles for arguing that methane emissions from the oil and gas sector have a much smaller impact on the global climate than virtually every other generally accepted scientific estimate.

That would be huge news if it were true. But unfortunately, the conclusion is rendered completely moot by a compounding series of fundamental errors. In fact, had the authors done their math accurately, their results would have been very much in line with mainstream research which shows that human-caused methane emissions are responsible for a quarter of the worldwide warming we’re experiencing today.

We can’t say whether the erroneous calculations were intentional or not. It’s worth noting, however, that EDF pointed out these mistakes to GTI staff when our scientists were asked to comment on a pre-publication draft. We will explain them again here, showing where the authors went wrong and what the numbers look like when they correctly reflect the underlying physics and chemistry.

Posted in Methane, Natural Gas / Comments are closed

The energy reality behind Cape Town’s water crisis – and why the U.S. should care

By Kate Zerrenner / Published: February 28, 2018

In Cape Town, South Africa, the countdown is on for Day Zero when water taps in the city of 4 million people are expected to run dry.

Yet, while this water crisis has been making headlines worldwide, nobody’s talking about the connection between water and energy. In a rapidly changing climate, we should.

Cape Town may be the first major city staring down a water scarcity crisis, but it’s not alone. One-quarter of the world’s large cities, including at least two in the United States, are “water-stressed,” a 2014 study found.

As it turns out, many of them also happen to rely on the world’s thirstiest energy source: coal. Read More »

Posted in Energy-Water Nexus / Read 2 Responses

New interactive map shows the economic impact that solar, wind, and energy efficiency have on U.S. communities

By Lenae Shirley / Published: February 28, 2018

The benefits of clean energy reach far beyond protecting the environment. Investments in the U.S. clean energy sector are creating millions of jobs and supporting local communities across the country. A new online mapping tool will help illustrate this incredible progress.

Developed by San Francisco-based Kevala Analytics Inc., the U.S. Clean Energy Progress Map can display the number of solar, wind, and energy efficiency jobs by state, county, congressional district, and even census tract. The free, interactive map also shows wind and solar projects and investments. It’s exactly the kind of data that citizens need to show policymakers and local officials the economic benefits of clean energy in their state or district. Read More »

Posted in Clean Energy, Energy Efficiency, Energy Financing, Solar Energy, Wind Energy / Comments are closed

Utah’s looming ozone issue creating more impetus for stronger oil and gas controls

By Jon Goldstein / Published: February 26, 2018

Utah’s leaders have a challenge on their hands. Unhealthy ozone levels brought on by oil and gas pollution mean counties in the state’s Uinta Basin don’t meet our nation’s clean air standards.

Ozone, the main component in smog, is a serious public health risk that causes asthma attacks and respiratory damage especially in children and the elderly. Studies suggest oil and gas development is significant contributor to wintertime ozone pollution in the Uinta basin. Read More »

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

New global underwriting standard for the buildings sector helps cities tackle pollution

By Andy Darrell / Published: February 22, 2018

Cities around the world are taking the lead on fighting climate change, making huge commitments to reduce pollution and meet the goals of the Paris Agreement. And it’s a good thing they are.

According to C40 Cities Climate Leadership Group, 75 percent of global greenhouse gas emissions come from cities, and about half of this pollution comes from buildings alone. All in all, buildings account for about 40 percent of all energy use – and up to half of this energy is wasted. With 70 percent of the world’s estimated 9 billion people expected to live in urban areas by 2050, addressing energy use in buildings (and the carbon emission it creates) is essential to catalyzing cities’ efforts. Reducing “building emissions” will require a toolbox of policy, finance, and engagement with public and private sector building owners, managers, and investors.

This week, a tool Environmental Defense Fund (EDF) began designing about five years ago to help investors weigh and value energy efficiency projects is becoming a global underwriting standard for building upgrades. Following successful momentum in the United States, Europe, and Canada, the Investor Confidence Project (ICP) officially joined the portfolio of global certification programs delivered by Green Business Certification, Inc. (GBCI) including LEED (for green buildings), GRESB (for real estate portfolios), and WELL (for healthy buildings). GBCI is now providing world-class training and support for ICP’s Investor-Ready Energy Efficiency ™ (IREE) certification. Read More »

Posted in Climate, Energy Efficiency, Energy Financing, Investor Confidence Project / Comments are closed