Will shale gas save the climate bill? « Climate Progress
source: http://climateprogress.org/2009/08/11/if-a-serious-climate-bill-passes-the-senate-in-the-nex...
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- Mike_Johnston
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August 11, 2009
The NY Times — and U.S. Senate — have caught up to Climate Progress with this piece last week, “Is Shale Gas the Climate Bill’s New Bargaining Chip?“:
Natural gas from shale formations is the new magic phrase in the oil and gas industry, as new technologies have led to stunning increases in potential resources and anticipated profits.
Now some want to see if it carries any political magic.
With new discoveries of the fossil fuel in massive but difficult to drill shale deposits, advocates claim that climate legislation means a job boom for gas engineers and drillers, and revenue for producers. They say a cap on greenhouse gas emissions could lead power plants to switch to gas from coal, which emits about double the carbon dioxide of gas.
Some experts — but not all — say that a strong mandate to expand wind power and other alternative energy generation could be a boon for natural gas generators, which are a likely future source of backup power for renewables.
At the same time, some politicians on Capitol Hill are pushing for new natural gas incentives in climate legislation moving through Congress. They note that the fuel resource sits in many states, like Michigan and Pennsylvania, whose lawmakers are needed for passage of a bill.
Continue reading by clicking story title.
The NY Times — and U.S. Senate — have caught up to Climate Progress with this piece last week, “Is Shale Gas the Climate Bill’s New Bargaining Chip?“:
Natural gas from shale formations is the new magic phrase in the oil and gas industry, as new technologies have led to stunning increases in potential resources and anticipated profits.
Now some want to see if it carries any political magic.
With new discoveries of the fossil fuel in massive but difficult to drill shale deposits, advocates claim that climate legislation means a job boom for gas engineers and drillers, and revenue for producers. They say a cap on greenhouse gas emissions could lead power plants to switch to gas from coal, which emits about double the carbon dioxide of gas.
Some experts — but not all — say that a strong mandate to expand wind power and other alternative energy generation could be a boon for natural gas generators, which are a likely future source of backup power for renewables.
At the same time, some politicians on Capitol Hill are pushing for new natural gas incentives in climate legislation moving through Congress. They note that the fuel resource sits in many states, like Michigan and Pennsylvania, whose lawmakers are needed for passage of a bill.
Continue reading by clicking story title.
