Energy Tomorrow Blog
Posted October 21, 2021
API President and CEO Mike Sommers joined other energy industry CEOs on a panel hosted by the American Association of Blacks in Energy this week that focused on the energy transition, inclusion in the workforce of the future and equity in access to affordable, reliable and sustainable energy.
It was a good conversation that underscored the need to develop a broad range of energy sources, including natural gas, oil and renewables, to secure America’s future energy security.
Posted September 23, 2021
This week I addressed the Economic Club of Pittsburgh – in the heart of Pennsylvania’s natural gas and oil region – and I talked about the state’s critical importance to the larger U.S. energy picture and the key role our industry plays in meeting the challenge of supplying the energy that powers our nation and also in reducing emissions, toward a lower-carbon future.
Energy has transformed Pennsylvania and continues to do so. Pennsylvania’s natural gas and oil industry directly and indirectly supported nearly a half million jobs across the commonwealth’s economy in 2019. Our industry’s total economic contribution to Pennsylvania ranked among the highest in the nation, with more than $78 billion directed to the state’s GDP – including nearly $41 billion in labor income.
Posted September 22, 2021
Three things to keep in mind as we mark Climate Week:
First, industry-led initiatives continue reducing greenhouse gas emissions; second, natural gas helps cut carbon dioxide emissions and address energy poverty; and third, the natural gas and oil industry continues to think strategically while acting tactically.
Posted September 10, 2021
This week, API detailed the latest on three important ways the natural gas and oil industry is reducing its emissions. The information can be found in The Environmental Partnership’s new annual report, which outlines more than 90 companies’ recent work to cut significant sources of natural gas and oil emissions.
Some highlights and key actions from the annual report include reduced flare volumes, detecting and repairing leaks and replacing pneumatic controllers at facilities.
Posted July 2, 2021
Carbon capture, utilization and storage (CCUS) is a rarity in Washington: a technology that apparently is liked by just about everyone – Democrats, Republicans and Independents alike. It certainly looks like the future for CCUS – identified in API’s Climate Action Framework as key in addressing the risks of climate change while also developing the energy America needs to grow and be safe – is bright.
That’s the big takeaway from this week’s webinar by Our Energy Policy, a non-profit facilitator of civil dialogue on energy policy issues. Event panelists agreed that CCUS generally and specifically, the 45Q tax credit to spur CCUS projects, has lawmakers on Capitol Hill practically locking arms in support.
Fast-tracking the commercial scale-up of CCUS is a major industry priority, because it allows continued robust natural gas and oil development while simultaneously reducing carbon dioxide associated with that development.
Posted June 24, 2021
As an integral of its Climate Action Framework, API has developed a template of core greenhouse gas (GHG) indicators to guide individual natural gas and oil companies in their climate-related reporting. The template will help standardize reporting on a base set of specific indicators. Companies that use the template will do so in 2022 to report 2021 data. In the Q&A below, Dr. Aaron Padilla, API manager of climate and ESG policy, explains what the template is, how it was developed and its role in industry’s efforts to address the risks of climate change.
John D. Siciliano
Posted June 11, 2021
Industry support for the administration’s goal of a lower-carbon future is more than just talk. API’s new Climate Action Framework spells out the specific action the industry is taking to address the risks of climate change while supplying the energy Americans rely on every day. This week, API announced its publication of a new standard, API Recommended Practice (RP) 65-3, on properly decommissioning and sealing wells as one of those actions to combat climate change.
Certainly, the administration has identified decommissioning old natural gas and oil wells as one of its priorities for reducing carbon emissions in its push for an infrastructure package. RP 65-3 provides technical guidance for doing the job correctly.
Posted May 19, 2021
President Biden has committed the U.S. to bold reductions in economy-wide greenhouse gas emissions by 2030, nearly doubling our nation’s previously determined target. Policy experts have emphasized that we will need natural gas and oil to achieve these climate ambitions. …
Ushering in a lower-carbon future means addressing the growing, long-term demand for energy, while reducing greenhouse gas emissions at scale. There is no single solution to the climate challenge, but with a comprehensive, cross-sector approach, industry can work with government to drive meaningful progress.
Posted May 12, 2021
During a period of transition and change in our country, the natural gas and oil industry remains a foundation for progress, supplying the energy to run a modern economy – and doing so in ways that protect the environment and reduce emissions.
API President and CEO Mike Sommers emphasized those and related points in a speech to some of the nation’s leading energy producers at the Williston Basin Petroleum Conference in Bismarck, North Dakota.
Sommers described the natural gas and oil industry as one that is focused on producing for the American people as well as one that’s developing technologies and innovating to address the risks of climate change. Sommers said the most important environmental movement in the world is the U.S. natural gas and oil industry.
Posted April 22, 2021
As the White House hosts the Leaders Summit on Climate, it’s important to reiterate the natural gas and oil industry’s commitment to address the climate challenge while also supplying the affordable, reliable energy our country counts on every day. Industry’s goal is to engage with President Biden and Congress on those parallel priorities.
Meeting the climate/energy challenge is at the heart of API’s Climate Action Framework – with an emphasis on “action.” Americans, as seen in new polling, expect our nation to tackle both in a workable, common-sense manner, and the framework details just such a plan of action – from endorsing a government price on carbon to carbon capture, utilization and storage (CCUS), methane regulation and more.
Key in the Climate Action Framework is accelerating technologies and innovation, such as CCUS, to support global leaders’ goal of meeting the world’s growing need for energy while also advancing a lower-carbon future.