Northside WEBINAR: Is There A Future For Oil & Gas In A Net Zero World?
Our industry is facing mounting pressure from all sides to decarbonize. Regulations are getting tougher in response to public pressure and investors are pulling capital out of the oil and gas industry over concerns that assets may be left in the ground stranded. Natural gas has been touted as the transition fuel to net zero. However, because of the methane emitted in the production and distribution process, some believe that it is dirtier than coal and cannot play this role. We have to act now or our industry will be viewed adversely and collectively we will make poor energy decisions for our planet. Technology that is able to detect and measure methane emissions is showing that we have a problem along our entire exploration, production, processing and distribution chain. According to the World Bank Global Gas Flaring Reduction group, every day over 14.5 billion standard cubic feet of gas is vented and flared globally. In addition to being a monumental waste of energy, this practice releases methane, VOC’s, PAH’s, particulates and other harmful pollutants into our atmosphere impacting air quality, human health and contributing to climate change. Methane is 86 times worse that carbon dioxide over a thirty-year time frame which means that eliminating these fugitive emissions is one of the biggest opportunities to cost effectively reduce greenhouse gas emissions providing an immediate impact in a short time frame. Can we act, do we have time to change the narrative and can we create a great future for all? What will it take?
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Webinar - Online or Phone