All CATEGORIES
☰ Menu
Ohio Utica Shale

Drilling industry will help reduce greenhouse-gas emissions, study says

By Bob Downing Published: September 11, 2013

From the American Petroleum Institute on Tuesday:

WASHINGTON, September 10, 2013 ─ Oil and natural gas companies are America’s top investors in zero- and low-greenhouse gas emissions (GHG) technologies, according to a new study released by API.

“America’s oil and natural gas companies have invested more to reduce greenhouse gas emissions than the federal government and almost as much as all other industries combined,” said API Vice President for Policy and Economic Analysis Kyle Isakower. “The industry is aggressively pursuing new technologies and game-changing energy research that will fuel innovation for years to come. These investments not only lower carbon emissions, they create jobs and advance America’s technological competitiveness.”

The study by T2 and Associates examined investments in GHG mitigation technologies from 2000 through 2012. During that period, the U.S. oil and natural gas industry directly invested approximately $81 billion in GHG mitigation technologies. Other U.S. industries invested an estimated $91.2 billion, and the federal government invested an estimated $79.7 billion. Oil and natural gas industry expenditures on GHG mitigation more than double – to $165.4 billion – when the total includes shale investments, which have unlocked an abundance of affordable natural gas, allowing America to supplant more carbon-intensive fuels.

“U.S. carbon dioxide emissions are at the lowest level in nearly twenty years, driven down significantly by advancements in the oil and natural gas industry,” said Isakower. “With these investments, the oil and natural gas industry is supplying the energy our economy needs, while helping to promote a future where alternatives play a larger and larger role. This is a true all-of-the-above approach, and it will continue to yield environmental benefits, but only if misguided tax policies don’t stand in the way of energy innovation.”

During the study period, the oil and natural gas industry was responsible for approximately $11.4 billion, or one out of every six dollars, invested in non-hydrocarbon resources, including wind, solar, geothermal, and biomass technologies. The industry also has adopted methods to reuse excess heat from refineries and permanently sequester CO2. From 2011 to 2012, these and other investments allowed the U.S. oil and natural gas industry to directly reduce emissions of greenhouse gases by the equivalent of 53.6 million metric tons of CO2 – equal to taking 10.8 million cars off of the road.

SUBSCRIBE VIA RSS

OHIO.COM VIDEOS

See the most recent drilling report and an injection wells map From NewsOutlet.org
Prev Next

Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.