Posted December 4, 2015
Part of the U.S. success in reducing greenhouse gas emissions is the significant drop in emissions of methane, the primary component in natural gas, from development operations. Since 2005, methane emissions from hydraulically fractured natural gas wells have plummeted 79 percent – with technology and innovation allowing industry to capture more of a product that can be delivered to consumers. This has occurred even as U.S. natural gas production has steadily climbed, thanks to shale, safe fracking and horizontal drilling.
It’s a shining chapter in a success story that shows how free market forces have taken the lead in reducing greenhouse gas emissions in this country. In turn, the U.S. is leading the world in reducing GHG emissions.
No matter. Despite these advances, EPA is proposing additional methane regulations on oil and gas wells and transmission. Unfortunately, more regulation could mean less – less fracking, less energy and, quite possibly, less progress in reducing emissions.
Posted December 1, 2015
This week’s climate summit in Paris will be filled with talk of ways to reduce global greenhouse gas emissions. That’s an important discussion for sure, but it’s one that should focus on achievable, real-world initiatives. A couple of starting points for an action agenda:
The first is an acknowledgement – that the availability of safe, reliable energy is fundamental to lifting people – and entire nations – from poverty. United Nations Secretary-General Ban Ki-moon has called energy the “the golden thread that connects economic growth, social equity, and environmental sustainability.” With the International Energy Agency telling us that more than a billion people around the world don’t have electricity, it would be a mistake for the Paris summit to do anything that impedes or blocks access to energy. The world needs more energy, not less.
The second point a realization by the summiteers that private markets, not command-and-control government interventions, offer the best avenue to advance climate objectives while growing energy supplies – progress without hamstringing economies and hindering individual opportunity.
Posted November 16, 2015
According to data from the U.S. Energy Information Administration (EIA), increased use of natural gas – part of the abundance produced by the American energy revolution – is a big reason monthly power sector CO2 emissions in this country were near a 27-year low earlier this year. And, the United States leads the world’s top economies in reducing greenhouse gas emissions from energy.
We say this to make the point that on the eve of Paris, the United States is achieving the kinds of emissions reductions everyone else is just talking about. We have results where others have only rhetoric. As the Obama administration prepares its envoys for Paris, it has a ready-made, real-world case study in place that it should be talking about at the summit.
Posted October 12, 2015
Methane emissions from oil and natural gas systems continue falling. EPA, in an update to its Greenhouse Gas Reporting Program, says that methane emissions decreased from 77 million metric tons CO2 equivalent 2013 to 73 million metric tons CO2e last year. This continues a significant downward trend over the past few years.
The significance is this: Further reductions in methane emissions argue strongly against EPA’s position that additional regulation is needed. And, indeed, the agency is working on new layers of methane regulation.
Let’s think this one through. Methane emissions are falling under current the current regulatory regime, yet EPA and its supporters say that further reductions won’t happen without more regulation. (If you feel like you’ve heard this argument before it’s because you have – see here and here on EPA’s ozone proposals.) But here’s what we know: Methane emissions associated with oil and natural gas systems are falling – at a time when natural gas production is dramatically increasing.
Posted September 22, 2015
Today, API released a new report on investments in greenhouse gas-mitigating measures that illustrates the oil and natural gas industry’s leadership in innovating the technologies and efficiencies to keep improving air quality. We conclude a series of posts on the intersection of energy development and climate/environmental goals (here, here and here) with a look at the new report.
Key numbers from T2 and Associates’ new report on investments in mitigating greenhouse gases (GHG) by industry include $90 billion in zero and low-carbon emitting technologies from 2000 through 2014.
Posted September 18, 2015
Below is the second in a series of posts on the intersection of energy development and the pursuit of climate goals. Yesterday, API President CEO weighed in on the administration’s Clean Power Plan and its flawed approach of picking winners and losers in the energy sector. Today – rising natural gas use plays a key role in falling emissions of carbon dioxide – even as levels of methane and ozone decline.
Talk of climate change and climate-related goals is everywhere. We pay special attention when the climate talk turns to energy development – because there’s a great climate story stemming from America’s energy revolution.
Let’s start with emissions of carbon dioxide (CO2). The U.S. Energy Information Administration tells us that monthly power sector CO2 emissions in April were the lowest for any month since April 1988. That’s a 27-year low.
Posted August 24, 2015
Two items from the weekend help sharpen the focus a strategic choice before Americans as they look to the future: Which energy path will we take?
One path leads to increased domestic energy development. It’s typified by safe and responsible oil and natural gas production that harnesses America’s energy wealth to create jobs, grow the economy and make the U.S. more secure in the world.
Another path likely would lead to very little of the above. It’s characterized by unnecessary regulation and self-limiting policies that hinder or block domestic development. America would be less secure, economically and in the world, and our allies, too.
The two paths, two very different futures – for American energy and America.
Posted August 18, 2015
So, the EPA looked at declining methane emissions …
Down 79 percent from hydraulically fractured wells since 2005; down 38 percent from natural gas production overall from 2005 to 2013; and emissions down – while natural gas production soared ...
... and decided new methane regulations were the thing to do anyway.
Posted August 5, 2015
New government stats on falling carbon dioxide (CO2) emissions from electrical power generation point to a good-news story on energy and climate, one that should grab the attention of policymakers nationally and in the states. This is seen in data from the U.S. Energy Information Administration (EIA).
Plotting CO2 emissions from the electric power sector from 1988 to this April, EIA reports emissions hit their lowest point for any month in 27 years. This is largely because of increased use of natural gas in power generation – a market choice that’s based on the availability and affordability of natural gas, as well as the fact it is clean-burning.
Posted July 24, 2015
Some thoughts on EPA’s proposed program to encourage voluntary methane emissions reductions from existing sources. The Methane Challenge Program would expand on the Natural Gas STAR program by recognizing companies that make specific emissions reduction commitments and agree to submit annual data on the progress they’re making.
First, industry supports voluntary. The program could be supportive of what industry already is doing to reduce methane emissions – an effort that is working. EPA’s Greenhouse Gas Inventory Report issued this spring showed methane emissions from hydraulically fractured natural gas wells are down 79 percent since 2005 – a period in which natural gas production has soared.