Energy leaders stand by natural gas despite global shift

In a recent gathering in Houston, energy executives defended oil and gas amidst a global push toward ending fossil fuel use, reflecting a clash between traditional energy sources and renewable energy goals.

Phil McKenna reports for Inside Climate News.


In short:

  • U.S. Secretary of Energy Jennifer Granholm's call for clean energy investment met with a muted response from oil and gas executives, highlighting industry resistance to moving away from fossil fuels.
  • The oil and gas sector is identified as a major emitter of methane, a potent greenhouse gas, yet industry leaders tout natural gas as a clean and necessary energy source for the future.
  • International efforts to phase out fossil fuels contrast with the industry's narrative, underscoring the tension between environmental objectives and economic interests.

Key quote:

"While we're driving down CO2 emissions as fast as we can, we can get an immediate reduction in temperatures from what we would otherwise see by driving down methane emissions."

— Fred Krupp, president of the Environmental Defense Fund

Why this matters:

Energy executives argue that natural gas, which emits less carbon dioxide when burned compared to coal or oil, plays a critical role in ensuring energy reliability and supporting renewable sources like wind and solar, which are intermittent by nature. Critics see this stance as a means to prolong the life of fossil fuel industries at a time when scientists and environmental advocates stress the urgency of cutting emissions to prevent the most catastrophic impacts of climate change.

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