Oil industry

Lire cet article en français Los Angeles had oil wells pumping in its neighborhoods when Hollywood was in its infancy, and thousands of active wells still dot the city. These wells can emit toxic chemicals such as benzene and other irritants into the air, often just feet from homes, schools and parks. But now, after nearly a decade of community organizing and studies demonstrating the adverse health impacts on people living nearby, Los Angeles’ long history with urban drilling is nearing an end. In a unanimous vote on Jan. 24, 2023, the Los Angeles County Board of Supervisors voted to ban new oil and gas extraction and phase out existing operations. It followed a similar vote by the Los Angeles City Council a month earlier. The city set a 20-year phaseout period, while the county has yet to set a timetable. As environmental health researchers, we study the impacts of oil drilling on surrounding communities. Our research shows that people living near these urban oil...

New Zealand, where agriculture is one of the largest contributors to climate change, is proposing a tax on cow burps. The reason seems simple enough: Cows release methane, a potent greenhouse gas, and New Zealand has a goal of reaching net-zero emissions by midcentury. Right now, the country’s effects on climate change come roughly equally from carbon dioxide and methane. Worldwide, 150 governments have committed to cut methane emissions, both from agriculture and by cracking down on the largest source – fugitive leaks from natural gas pipelines and other fossil fuel infrastructure. But is methane from cows really as bad for the climate as methane from fossil fuels? And given its shorter lifetime in the atmosphere, is methane as bad as carbon dioxide? The answers involve renewable resources and the so-called circular economy. Understanding the effectiveness of different strategies is important as countries plan their routes to net-zero emissions, which is necessary...

With the U.S. government promising over US$360 billion in clean energy incentives under the Inflation Reduction Act, energy companies are already lining up investments. It’s a huge opportunity, and analysts project that it could help slash U.S. greenhouse gas emissions by about 40% within the decade. But in conversations with energy industry leaders in recent months, we have heard that financial incentives alone aren’t enough to meet the nation’s goal of reaching net-zero emissions by 2050. In the view of some energy sector leaders, reaching net zero emissions will require more pressure from regulators and investors and accepting technologies that aren’t usually thought of as the best solutions to the climate crisis. ‘Net-zero,’ with natural gas In spring 2022, we facilitated a series of conversations at Penn State University around energy and climate with leaders at several major energy companies – including Shell USA, and electric u...

Carbon offsets have become big business as more companies make promises to protect the climate but can’t meet the goals on their own. When a company buys carbon offsets, it pays a project elsewhere to reduce greenhouse gas emissions on its behalf – by planting trees, for example, or generating renewable energy. The idea is that reducing greenhouse gas emissions anywhere pays off for the global climate. But not all offsets have the same value. There is growing skepticism about many of the offsets sold on voluntary carbon markets. In contrast to compliance markets, where companies buy and sell a limited number of allowances that are issued by regulators, these voluntary carbon markets have few rules that can be enforced consistently. Investigations have found that many voluntary offset projects, forest management projects in particular, have done little to benefit the climate despite their claims. I specialize in sustainable finance and corporate governance. My collea...

Carbon offsets have become big business as more companies make promises to protect the climate but can’t meet the goals on their own. When a company buys carbon offsets, it pays a project elsewhere to reduce greenhouse gas emissions on its behalf – by planting trees, for example, or generating renewable energy. The idea is that reducing greenhouse gas emissions anywhere pays off for the global climate. But not all offsets have the same value. There is growing skepticism about many of the offsets sold on voluntary carbon markets. In contrast to compliance markets, where companies buy and sell a limited number of allowances that are issued by regulators, these voluntary carbon markets have few rules that can be enforced consistently. Investigations have found that many voluntary offset projects, forest management projects in particular, have done little to benefit the climate despite their claims. I specialize in sustainable finance and corporate governance. My collea...