There are massive greenhouse emissions being released from the fossil fuel, gas, and LNG (liquefied natural gas).
Gas is worse for the climate than coal
This week we’re talking about something not many people know about, which is the massive greenhouse emissions being released from the fossil fuels – gas and LNG (liquefied natural gas).
Those emissions are so big that in one major oil and gas producing area – the Permian Basin in the U.S. – they have likely wiped out all energy emission reductions since 2010 for the whole country.
If only 3% of gas produced is leaked, gas is worse for the climate than coal.
Yet it’s more than 3%. BP says it’s 3.2%. And a recent study of the Permian Basin found that 3.7% was lost in the production process.
What’s this telling us? This is the gas industry’s ‘Volkswagen’ moment.
Bruce Robertson is IEEFA’s LNG and gas analyst, and he talks about the extent of the gas industry’s emissions in this latest podcast.
Listen to the podcast here.
Volkswagen lied about emissions from their vehicles, and the gas industry is also lying about their emissions
The Australian LNG industry’s growth – and the decline in greenhouse gas emissions standards
Financial prospects falter for LNG projects