Energy Exchange

Selected tag(s): Methane

Amid an oil and gas boom, New Mexico legislators need to refill regulators’ tanks

By Jon Goldstein / Published: January 31, 2020

As lawmakers convene in Santa Fe for the current legislative session, they face a state transformed by an oil and gas boom. Expanded oil and gas drilling has made New Mexico the No. 3 oil producer in the nation and is transforming large swaths of the state’s landscape.

However, while oil and gas production has skyrocketed over the past decade, years of funding cuts under former Gov. Susana Martinez have left New Mexico’s energy and environmental agencies unable to guarantee oil and gas operations take place safely and responsibly.

The state’s leaders can chart a new course this year by ensuring these agencies have the resources they need to keep pace with industry’s growth and protect the health, air and water of New Mexicans across the state. This will mean going above and beyond the budget proposed for these agencies by Gov. Lujan Grisham in order to get vital regulators back on their feet.

Posted in Climate, Methane, Natural Gas / Also tagged EMNRD, energy, Minerals and Natural Resources Department, Natural Gas, New Mexico, New Mexico Environment Department, NMED, oil and gas, Permian | Comments are closed

Report reveals heavy burden of energy waste, methane emissions on Navajo communities

By EDF Blogs / Published: March 21, 2019

By Matt Miccioli, EDF Stanford Schneider Fellow

A recent study of oil and gas methane emissions on the Navajo Nation reveals companies operating on tribal lands pollute 65 percent more than the national average, wasting millions in tribal resources every year and underscoring the opportunity for tribal leaders to reduce emissions.

The analysis, conducted by Environmental Defense Fund and released in conjunction with Grand Canyon Trust, Dinè CARE and Native American Voters Alliance, quantifies the volume of natural gas burned off, vented or leaked from oil and gas production on Navajo lands. It found that companies are wasting about 5.2 percent of their natural gas, generating about 13,000 tons of methane pollution.

Posted in Air Quality, General, Methane, Methane regulatons, Natural Gas / Also tagged Natural Gas, Navajo Nation, New Mexico | Comments are closed

Private equity has opportunity to step up on methane, says Harvard Management Company

By Kate Gaumond / Published: December 19, 2018

Earlier this year, we had the opportunity to sit down with Michael Cappucci, Senior Vice President of Compliance and Sustainable Investing at Harvard Management Company (HMC). In a recent blog post, Michael shared his outlook on the methane opportunity for oil and gas companies, along with his opinion on the pace of change within the industry.

Below is the second part of our conversation, where Michael offers new insights on investor ESG engagement and its correlation to portfolio performance. He also talks about private equity’s somewhat quiet stance on methane, and the sector’s potential to bring about change among mid-size operators that have yet to tackle methane emissions.

Posted in General, Methane, Natural Gas / Also tagged ESG, Exxon, Harvard Management Company | Comments are closed

Methane rollbacks test BP, ExxonMobil, Shell commitments to support Paris goals

By EDF Blogs / Published: December 12, 2018

By Ben Ratner and Nat Keohane

As business executives join leaders from government and civil society for COP24 in Katowice, Poland, a regulatory rollback across the Atlantic puts a sharp focus on the seriousness of energy companies’ commitments to support the goals of the Paris Agreement.

The recent Intergovernmental Panel on Climate Change special report detailed the devastating consequences from a rapidly warming planet. One critical piece of the solution is reducing emissions of highly potent short-lived climate pollutants. In fact, deep reductions in emissions of non-CO₂ pollutants, particularly methane, are essential to staying below temperature targets, and have the added benefits of improving public health, food security, and ecosystems.

The oil and gas industry is a leading source of potent methane emissions. But in the world’s largest oil and gas producing nation—the United States—the Trump Administration is working to withdraw from the Paris Agreement, while simultaneously rolling back common sense standards to limit methane emissions from the oil and gas industry.

Posted in Climate, Methane, Natural Gas / Also tagged COP24, oil and gas, Paris Agreement | Comments are closed

National clean air protections are in jeopardy of going away, but Pennsylvania can be protected

By Andrew Williams / Published: January 9, 2018

Source: Bob Donaldson, Pittsburgh Post-Gazette

Governor Tom Wolf and the Pennsylvania Department of Environmental Protection (DEP) recently announced plans to control harmful smog-forming emissions from the state’s existing oil and gas sites. There’s just one problem: their plan is based on national clean air guidelines that are now under attack by President Trump’s EPA. However, by changing this plan, and creating strong state-led policies, Governor Wolf can ensure Pennsylvania remains in control of its own clean air protections.

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

Keeping an Important Methane Research Question in Proper Perspective

By EDF Blogs / Published: June 9, 2016

By Mark Brownstein and Steve Hamburg

An organization in North Carolina this week asked the U.S. Environmental Protection Agency to examine questions about the accuracy of measurements from a device used in two of the large and growing list of studies published in recent years quantifying the enormous amounts of methane released into the atmosphere by the U.S. oil and gas industry each year.

That long list of studies is a major reason why EPA recently increased its official estimates of industry emissions by 34 percent, and why the agency is pursuing new rules to start fixing the problem. In fact oil and gas methane emissions have moved from obscurity to center stage with remarkable speed, thanks to rush of compelling data.

The particular papers at issue were written by a team of scientists led by Dr. David Allen of the University of Texas. They are among of a group of studies on oil and gas industry methane emissions organized and coordinated by EDF. Possible complications involving a piece of sampling equipment (among several that were used) have been discussed by researchers in both academic literature and the news media for more than a year. You can read the blog that EDF wrote on it back in 2015 here. Read More »

Posted in General / Tagged Methane | Read 1 Response