A new peer-reviewed study in the journal Science gives us a clearer picture of the climate impact of natural gas. According to researchers, methane leakage across oil and gas operations in the U.S. are 60 percent higher than government estimates. Put another way: the methane leakage from oil and gas has the same warming effect over a 20-year time period as all America’s coal capacity in 2015.
Natural gas has been vital to lowering power-sector carbon emissions. Are methane leaks reversing that progress? We'll provide some context.
Then, we'll talk about how GE and Siemens are grappling with dramatic changes in demand for gas turbines. Both companies are de-emphasizing their gas businesses, while accelerating investments in renewables and efficiency. How will these power giants evolve?
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Recommended reading:
- Journal Science: Assessment of Methane Emissions From the U.S. Oil and Gas Supply Chain
- New York Times: The Natural Gas Industry Has a Leak Problem
- Jesse Jenkins Twitter analysis on the study
- Richard Meyer Twitter analysis on the study
- GTM: The ‘New’ New General Electric: Renewables Are In, Distributed Gas Generators Are Out
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