In 2022, there are wins to be celebrated for climate policy. The recent US legislation is the first time in 40 years that the government has managed to pass any meaningful climate policy. The invasion of Ukraine has shaken Europe to accelerate the move away from Russian oil and gas. However, it is hard to celebrate wins for the climate without addressing the elephant in the room – the thriving and ever-profiting oil and gas sector. While recent geopolitical events did indeed infuse the energy transition with, (no pun intended), some much needed energy, Joelle Thomas would argue that the biggest winners of the past year’s events have been oil and gas companies. What does this mean for the energy transition?
The Russian Federation’s invasion of Ukraine is not only barbaric – it is also a harbinger of rapid economic changes around the world. Even if the war ends relatively soon (and that is unlikely), a return to the status quo ante is unthinkable. So too is a return to the heavily fossil-fuelled and import-dependent European energy model that existed before the war. Is it appropriate to ponder over raw materials as bombs fall on Kharkiv and Mariupol? Yes, if solely for the reason that the future shape of the energy market should constitute a response to this barbarism. The question is whether Poland is genuinely prepared for such a response. Michał Olszewski with a perspective from Warsaw.
In war there are winners and losers. One U.S. gas company profiteering off the back of Russia’s invasion of Ukraine is America’s largest Liquified Natural Gas (LNG) exporter, Cheniere Energy. The company has pivoted more of its exports this year to Europe, which is in desperate need of alternatives to Putin’s gas. Over 70% of the company’s LNG exports went to Europe in the first half of 2022, up from less than 40% the year before. Lorne Stockman and Andy Rowell report. This article was originally published on Oil Change International.
The measures that could immediately decrease energy demand range from the individual level to the European – and most of them aren’t rocket science but rather low-tech or no tech no-brainers. Paul Hockenos has the details.
Methane emissions from oil and fossil gas facilities are skyrocketing, potentially accelerating the severity of climate change. Nowhere is the problem worse than in the United State’s Permian Basin, the biggest oil and gas field in the now world-leading petro-carbon producing nation. Stretching from Texas into New Mexico, satellites are detecting worsening levels of methane pollution. This comes as no surprise to “Texas” Sharon, one of the world’s first methane hunters. Recording thousands of leaks with a specially designed camera, she shares her observations with lead blogger and podcaster Michael Buchsbaum.
Environmental disasters and global warming severely threaten global biodiversity. Few wild places can boast diverse ecosystems that are largely intact. One such area – Kavango Zambezi Transfontier Conservation Area (KAZA) – is being threatened by plans by the oil and gas industry. Andy Gheorghiu reports on the fight to prevent oil and gas extraction in Southern Africa that is threatening our planet’s largest nature protection zone.
Fossil gas has long been touted as being the cleanest of fossil fuels as well as a needed “bridge technology”. Plastics on the other hand have been hailed an integral part of modern society that might even deliver climate benefits due to their light weight. Andy Gheorghiu takes a closer look at the link between gas, climate and plastics and argues for an EU Methane Regulation that applies strict rules for both the fossil energy and the petrochemical sector.
The window of opportunity to keep the average global temperature from breaking through the ceiling of 2°C — or preferably 1.5°C — as set out in the UN’s Paris Agreement is closing fast. But for parts of the Kalahari, a vast semi-desert in southern Africa, the battle to stabilise the regional temperature is already lost. Botswana is expected to reach an average warming of 2°C in less than five years. At a time when the science warns that countries need to keep their fossil fuels in the ground, conservationists here have expressed alarm at the news that oil and gas prospecting licenses have been issued for large parts of Botswana and Namibia, including in the ecologically and water-sensitive Okavango Delta and Kgalagadi Transfrontier Park. Leonie Joubert reports
Though increasingly framed as a key way to slow climate change, for most commercial Carbon Capture and Sequestration (CCS) operations, selling the carbon they capture to produce more fossil fuels through Enhanced Oil Recovery (EOR) production is the only way they can ensure profits for investors. According to a count by the Global CCS Institute, of the 28 currently operable CCS complexes worldwide, 22 rely on EOR as their back end “storage” system. CCS advocates hope that under the right public policy regimes, this profit-making motive will help scale up CCS operations while driving costs down. Getting the public onboard means selling CCS as a way to prevent climate change, but who pays when they fail? L. Michael Buchsbaum reviews one of 2020’s biggest CCS disasters as the fourth part of the on-going Seduction series.