Julian Spector of Canary Media reports that the oil and gas industry is emitting less carbon than it used to.
- A new report has found that while U.S. oil and gas extraction has increased, the industry’s greenhouse gas emissions have fallen.
- Companies have done this by cracking down on vented gas and fugitive methane emissions by investing in sensors and electronic controls for wells.
- Private sector innovation and leadership is decoupling energy production from greenhouse gas emissions.
“Despite the setback on combustion emissions, the overall emissions intensity of Permian energy production fell considerably. Methane intensity of gas extraction fell by 78 percent, and overall greenhouse gas intensity fell by 47 percent. In short, the Permian is producing far more gas and oil than it was seven years ago, but it’s doing so in a more carbon-efficient manner, which has prevented methane and carbon emissions from rising at the same rates as production.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
