Posted April 28, 2016
Bringing home recognition of the U.S. energy renaissance and its benefits to policymakers in Washington is critically important. Sustaining and growing the domestic surge in oil and natural gas production depends on forward-looking leadership and sound policies.
No less critical is increasing Americans’ buy-in on the golden opportunity to foster economic growth well into the future, create jobs, produce consumer savings and strengthen U.S. standing in the world, all thanks to more home-grown energy – and all occurring as the United States leads the world in reducing carbon emissions.
Posted January 13, 2016
Absent from EPA’s plans was any acknowledgement that methane and carbon emissions are already down. Recognizing progress we’ve already made – and the market factors contributing to that success – is critical to avoiding costly, duplicative regulations that could undermine that progress, as well as economic growth.
Posted December 14, 2015
The New York Times reports that weekend exultation over the new global climate agreement was quickly replaced by the realization that talking about emissions goals in Paris could be dwarfed by what it takes to produce actual results:
Before the applause had even settled … world leaders warned that momentum from the historic accord must not be allowed to dissipate. “Today, we celebrate,” said Miguel Arias Cañete, the European Union’s energy commissioner and top climate negotiator. “Tomorrow, we have to act.” With nearly every nation on Earth having now pledged to gradually reduce emissions of the heat-trapping gases … much of the burden for maintaining the momentum shifts back to the countries to figure out, and carry out, the concrete steps needed to deliver on their vows.
Actually, the figuring out part has been done and real emissions reductions have been realized in the United States – without the heavy hand of government, without one-size-fits-all frameworks, without economy-hamstringing interventions.
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 30, 2015
In finalizing ethanol volume requirements under the Renewable Fuel Standard (RFS), the EPA is basically testing the limits of the ethanol “blend wall” and the potential impacts of breaching it. Unfortunately, the guinea pigs in the experiment are U.S. consumers – their wallets, their vehicles.
That’s what we draw from EPA’s requirements for levels of corn ethanol and other renewable fuels that must be blended into the U.S. fuel supply. EPA officially set requirements for 2014 (two years late), 2015 (a year late) and 2016. Requirements for 2016 are the most significant – 18.11 billion gallons, which is lower than what Congress originally required when it created the RFS, but higher than what EPA proposed in May (17.4 billion gallons).
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 November 13, 2015
Ethanol producers want Secretary of State John Kerry to trumpet the Renewable Fuel Standard (RFS) at the big Paris climate conference later this month. Big Ethanol says the U.S. should highlight the RFS in Paris, not hide it – referring to the fact the RFS is missing from the Obama administration’s “intended nationally determined contribution” document that outlines what the U.S. would do under the next international climate agreement.
Maybe the reason for the omission is the number of studies showing that climate and environment are worse off because of the RFS.
Posted November 10, 2015
It’s too bad that when President Obama finally announced his decision on the Keystone XL pipeline, he turned his back on American jobs, economic growth and increased energy security – each of them compelling, “national interest” reasons for building the pipeline. Also unfortunate is that the president also turned his back on science and fact.
Read the State Department’s final word on Keystone XL, and you see that State, as it said in its previous environmental reviews, acknowledges that the pipeline would have little to no climate impact.
The Keystone XL rejection was about perceptions and appearances – perceptions the president and his administration created, detached from science and fact set forth in State’s analysis, to help cultivate the appearances of climate change leadership.
Throughout Keystone XL’s tortuous, seven-year slog at the White House, the pipeline – this pipeline – was a symbol, a foil the administration used to help keep the professional activist class activated and the world climate community applauding.
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 21, 2015
The third in a series of posts on the intersection of energy development and policy and the pursuit of climate goals. Last week: The Clean Power Plan’s flawed approach in the energy sector and the role of increased natural gas use in improving air quality. Today: The impacts of the Renewable Fuel Standard and federal ethanol policy.
A decade ago Congress passed legislation creating the federal Renewable Fuel Standard (RFS) – requiring escalating volumes of ethanol in the U.S. fuel supply – that was intended in part to help reduce crude oil imports while capitalizing the supposed environmental advantages of ethanol.
Crude oil imports indeed have been falling since 2008. But, as we’ve detailed before, virtually all of the decrease is due to rising domestic crude oil production, not the RFS. Thanks to vast domestic shale reserves and safe hydraulic fracturing, the U.S. is the world’s leading producer of oil and natural gas – which by far has had the most to do with reducing U.S. net crude imports.