In a decade or less, Biden’s climate envoy will put natural gas out of business.
In a letter to the domestic natural gas sector, US Special Presidential Envoy for Climate Change John Kerry said that producers had only a limited amount of time to reduce emissions.
President Joe Biden chose to fill Kerry’s position in January 2021, telling Bloomberg that the federal government must “put the natural gas business on notice.” Kerry will take up his new post in January 2021. Producers must demonstrate that they are using carbon capture technology to cut their emissions or change their business model, he argued.
For Kerry, “you’re lessening the problem” means “capturing the emissions” literally and truly. What we’ve had to do is put the industry on notice: “You’ve got a period of six to a maximum of eight years, and if you don’t capture it, we’ll have to deploy alternate forms of energy. “
According to Resources for the Future, carbon capture and storage (CCS) is an advanced technology that prevents emissions from fossil fuel power plants from entering the environment. It is possible to collect 90% to 100% of the carbon dioxide released by CCS-equipped facilities. John Kerry’s tone-deaf Ukraine war remarks just got a whole lot more stupid.
As a result, the United States has been able to lead the world in reducing greenhouse gas emissions over the past decade thanks to the rapid rise of fracking technology. Kerry conceded in an interview on Thursday, that burning natural gas results in around 50% fewer emissions than doing the same with coal.
After eight years, “I’ll take the 50% decrease because our aim between now and 2030 is to cut emissions by at least 45 percent to achieve what the science has told us we have to do,” Kerry said, adding that he would accept the 50% reduction.
There should be no commodification of 30- or 40-year infrastructure for the gas interests, he said. “But no one should make it simple for them to be building out 30- or 40-year infrastructure, “he said.
Fossil fuel industry organizations reacted angrily to Kerry’s remarks, claiming that they would stifle investment and cause market instability as a result.
An “arbitrary clock is a horrible signal to send to the world community, especially considering [President Biden’s] promise to dramatically expand US LNG exports to the EU by 2030,” Mike Sommers, president of the American Petroleum Institute (API), tweeted on Sunday night. Instability and deterrence are created by these statements. “
Scientists have protested that we have 3-5 years left of earth, if we don’t stop burning our fossil fuels. There might not be a “6-year” deadline for the natural gas sector to reduce its emissions.
