Spiritus’ Post

Today, Christopher Helman from Forbes wrote an insightful article involving Spiritus discussing the significant efforts from aramco to tackle climate action. From day one, we have made it our mission to pioneer cutting-edge solutions that help protect our planet for future generations, and we are proud to continue pushing our technological innovations forward with our Aramco Ventures partners. Read more about what we’re doing in today’s cover story for Forbes. https://lnkd.in/gb_k53uJ #ClimateTech #CarbonCapture #Sustainability

Top #fossilfuels producers plan to extract more than double the amount of fossil fuels in 2030 than would be consistent with limiting #globalwarming to 1.5°C. Government plans and projections result in an increase in global coal production until 2030 and a rise in global oil and gas production until at least 2050. This is in conflict with countries’ commitments under the #ParisAgreement on #climatechange. IISD News: https://lnkd.in/eNEKGEtX

Cutting methane emissions from oil and gas operations is the fastest and most affordable way to make tangible progress on global climate goals. While international oil companies (IOCs) are taking action and making commitments to reduce methane emissions, their pledges only cover the assets they own and control directly, leaving out the massive amount of oil production in their non-operated joint venture (NOJV) partnerships with national oil companies (NOCs). A NEW blog by Andrew Baxter explores how extending IOCs' climate goals to their NOJVs can be a game-changer. By providing technical expertise and financial support, IOCs can help NOCs reduce methane emissions significantly. Check out the blog to learn more: https://lnkd.in/eyJKvhhM

The latest study on #CarbonAudit of US #LiquefiedNaturalGas is worth reading. The headline is "LNG's greenhouse gas footprint is 33% greater than coal" when evaluated using GWP20 and independent emision factors! Robert Howarth from Cornell University is a leading expert on #MethaneEmissions. His conclusions are sensitive to two key decisions in his analysis: 1). He employs emission factors reported by independent sources instead of relying on industry-reported data. 2). He utilizes a global warming potential (GWP) factor over 20 years rather than 100 years. GWP20 is 82.5, while GWP100 is 29.8, which makes methane emissions appear far worse as carbon emissions are expressed as kgs of carbon dioxide equivalent. Given these findings, it is crucial to scrutinize methane emissions and enhance LNG tanker technologies. As we strive toward climate goals, transitioning away from fossil fuels, including natural gas, must become a global priority to foster a sustainable future. Why its important? The global #LNG capacity is set to reach 666 million metric tons per year by 2030—a huge increase in the decade— though the demand os already in decline. https://lnkd.in/dh5rSQ9P. Howarth, R.W. (2024) The greenhouse gas footprint of liquefied natural gas (LNG) exported from the United States, Energy Science and Engineering, see link #NetZero #MarineEmissions

- Emissions connected to top oil and gas firms may cause millions of heat deaths by 2100, study finds https://lnkd.in/eNQA5wHU The emissions from burning oil and gas produced by the world’s leading fossil fuel companies could cause millions of excess heat deaths before the end of the century, according to a new analysis. The study from Global Witness found that the combined emissions from fossil fuels produced by Shell, BP, TotalEnergies, ExxonMobil and Chevron up to 2050 could result in 11.5 million excess deaths from heat by 2100. The findings represent the first attempt to quantify heat deaths resulting from planned oil production by big oil and add weight to calls to drastically reduce fossil fuel extraction. - World’s top fossil-fuel bosses deride efforts to move away from oil and gas https://lnkd.in/eV8Hxz8C The bosses of the world’s leading oil and gas companies have poured scorn on efforts to move away from fossil fuels, complaining that a “visibly failing” transition to clean energy was being pushed forward at an “unrealistic pace”. The oil executives, gathered at the industry’s annual Cera Week conference in Houston, have taken turns this week to denounce calls for a rapid phase-out of fossil fuels, despite widespread acknowledgment within the industry, as well as scientists and govern-ments, of the need to radically reduce planet-heating emissions to avoid the worst effects of the climate crisis. .

Michael Barnard thank you for sharing the extent of pervasive/Destructive Methane. Let us each, individually take ownership & connect with our lawmakers, to hold the methane industry accountable, until emissions go to zero. 0️⃣ This must happen quickly & all nations need to hold each other accountable. France 🇫🇷 is installing solar canopies over all parking lots with 80+ spaces yielding power output of 10 nuclear reactors in 2 years. It's otherwise impossible to permit a reactor in under 8 years. Choosing efficiency is cheap & easy. Add motion sensors to all street lights and lights left on in buildings. 💡 England has 50,000 EV charging stations connected to their street lights. 💡 • Most Americans have not heard of this +Convert incandescent to LED (obvious) • HVAC load can be made community geothermal, making PV systems smaller • Implement solar & wind micro grids everywhere. • I'm working on a platform to share best policy, technology, and practices… at the speed of thought, visually, to Gamify Reversing Climate Change ♻️

Natural gas is as dirty as coal. While we massively deploy renewable energy generation capacity ( wind+solar) and energy storage capacity to displace coal, it is ok to use natural gas as needed. But don’t tell the natural gas industry this is forever. There is no other option than stop fossil fuels

In a revealing look at the once-celebrated role of natural gas as a "clean" bridge fuel, the International Energy Agency (IEA) 2024 methane tracker has spotlighted the United States as the leading emitter of methane from oil and gas industries globally. All use of methane is now under scrutiny and what's being discovered isn't good. Full article: https://lnkd.in/gRQrJNXZ The USA's 'leadership' isn't surprising given the country's ascendance to being the world’s largest oil producer, significantly outpacing countries like Saudi Arabia. With methane's global warming potential dramatically outpacing that of carbon dioxide over the short term, the emissions from the U.S. alone account for a significant portion of global greenhouse gases, 1% to 3% of global carbon dioxide annual emissions, challenging the narrative of natural gas as an environmentally friendly alternative and the USA's claims to being an emissions reduction leader. This revelation is not new to experts like Robert Howarth of Cornell University, who has long testified about the U.S.'s outsized methane emissions. Further complicating the issue, the shipping industry's shift towards LNG as a fuel because it's lower emissions has been called into question by the The International Council on Clean Transportation FUMES study. The study found that methane slip from the most common ship engines it's used in is higher than expected, 6.4% instead of 3.5%, rendering natural gas worse for the climate than traditional maritime fuels. The practice of flaring, intended to reduce methane emissions from oil and gas production, has proven less effective and more harmful than previously thought, with issues ranging from poor maintenance of flare stacks to adverse health impacts on nearby communities. Workers in some cases were not flaring but simply venting methane due to complaints from neighbors. The dialogue on reducing methane emissions has gained momentum with initiatives like the Oil & Gas Methane Partnership 2.0, encouraging accurate reporting and reduction efforts within the industry. Yet, as companies begin to measure their actual emissions, they inevitably find them significantly higher than anticipated and not where modeling predicted they would be, suggesting a long road ahead in addressing methane's climate impact. And OGMP 2.0 covers only a fraction of the oil and gas industry at present. Shell in Canada found that the stationary methane engines used to power their facilities were slipping methane at a much higher rate than expected. Their answer? Replace them with electric motors and stop burning their own product for energy. #methane #methaneemissions #climateaction #business #energy #economy #irony