Insight and inspiration in turbulent times.
Champions of energy transition see it happening relatively quickly, emphasizing the advances that are being made in technologies, policy, and projects. While fossil fuel incumbents see a long, gradual process of energy transition, assuring us that demand for their products will remain strong for decades to come. So who’s right? Is energy transition going to be rapid, or gradual?
The world’s CO2 emissions are set to continue rising for decades unless there is greater ambition on climate change, despite the “profound shifts” already underway in the global energy system.
That is one of the key messages from the International Energy Agency’s (IEA) World Energy Outlook 2019.
As public hearings in the Trump impeachment inquiry headed into their second week, one of the nation’s top political cable news hosts was connecting the dots between the rise of authoritarianism, challenges to democracy, and the corrupting power of the oil and gas industry.
But, curiously, this renaissance of petroleum in the United States has not led to a resurgence of profits in the oil and gas industry. Quite the opposite, because almost none of the companies that have invested in fracking are turning a profit. Investors in this industry are losing a lot of money, some $83 billion since 2008, according to oil analyst Arthur Berman.
I’m a fossil fuel junkie. I drive a car and use electricity. My computer, TV, telephone, refrigerator, stove, lights, water, and sewage all run on carbon-based energy.[1] All of the materials used to build my house and furniture were made with hydrocarbons. The wood, sheetrock, cement, metals, glass, wiring, pvc pipes, and other plastics were all manufactured with carboniferous energy. My high-energy lifestyle mainlines fossil fuels.
The new normal requires new strategies, new technologies and new partnerships with America’s caregivers to ensure the sick, the elderly and the most vulnerable are climate and energy resilient. Let’s be clear: power shutoffs without energy resilience strategies is still playing with fire.
We are fortunate to have Michael Wara as our guest in this episode—a bona fide expert on the subject who is a member of the state-appointed wildfire commission in California—to help us think through this complex web of issues and understand how to start plotting a new path into the future.
The dramatic decision by the British government to ban the disruptive technology of hydraulic fracturing (or fracking) is just one of two volatile storms now shaking the industry.
And both have ramifications for the governments of British Columbia and Alberta, which actively subsidize the uneconomic industry with tax breaks, royalty credits, free water and taxpayer-funded seismic research and monitoring.
1.9 million. 13 trillion. 10 billion. These are the numbers that jumped off the page when I read PCI Fellow David Hughes’s latest “shale reality check ” report on the U.S. government’s forecasts of domestic oil and gas production.
Qatar is both a country and a peninsula which juts out about 100 miles into the Persian Gulf. It is precisely this geography which makes it both one of the hottest and muggiest places on Earth. The average daily high in mid-summer is 108 degrees F (42 degrees C).
After seven years of promoting fracking, Conservative ministers have withdrawn their support and blocked the prospects of a shale gas industry.
The UK government has issued an immediate moratorium in England because of the risk of earth tremors. Governments in Scotland, Wales and Northern Ireland have already issued measures that amount to moratoriums on fracking.
The one thing I am sure of, however, is that there’s too much hedging going on both in politics and the private market. We’ll never prevail in keeping below the temperature thresholds scientists are warning of by hedging climate defense investments with continuing investments in fossil fuels.
