FILE - U.S. Special Presidential Envoy for Climate John Kerry speaks during an interview with The Associated Press at the U.S. Consulate General after the G-7 ministers' meeting on climate, energy and environment in Sapporo, northern Japan, Sunday, April 16, 2023. Oil and gas producers talk up technological breakthroughs they say soon will allow the world to drill and burn fossil fuels without worsening global warming. Kerry says the time is here for the industry to prove it can make the technology happen — at scale, affordably and quickly — to stave off climate disaster. (AP Photo/Hiro Komae, File)

The globe will soon be able to dig for and burn fossil fuels without exacerbating global warming, according to the oil and gas industry. According to John Kerry, the U.S. climate envoy, it is now up to business to demonstrate that it can develop the technology fast, at scale, and at a low cost.

And Kerry claims he has “serious doubts” about it.

The argument made by oil and gas producers that they will soon have technology in place to extract the climate-damaging gases that make fossil fuels the primary cause of climate change, allowing companies to keep pumping, is one of the most important topics in the fight to slow global warming. Kerry’s remarks came in an interview with The Associated Press on this issue.No worries about crude and natural gas.

The ideal option, according to Kerry, is a swift move to renewable energy on a worldwide scale, but oil and gas states and businesses have the right to test out their promise of technical rescue.

Kerry stated this past week in the State Department offices housing his climate team, “If you’re able to abate the emissions, capture it.” But we don’t yet have that on a large scale. And we can’t just pretend to have anything right now when we don’t as we sit here. in case we don’t. It might fail to work.

Globally, the issue is important because oil and gas firms exploit the prospect of technology to one day remove the majority of climate-damaging carbon to fend off calls from the public and the government for the globe to switch quickly from fossil fuels to solar, wind, and other cleaner energy sources.

Regarding oil and gas corporations, Kerry stated, “What they’re betting on is that they’re going to be able to do the emissions capture.” He listed the steps that the procedures would take.

He stated, “If you can do those things, you may be able to make it economically competitive,” adding, “I have some serious questions about whether it will be price-competitive.”

Oil producers have invested hundreds of millions of dollars on public campaigns portraying themselves as climate-friendly, particularly since 2015, when the United States and almost 200 other governments vowed to decrease emissions to prevent the most catastrophic scenarios of global warming. Advertisements in the industry and social media campaigns frequently imply that the carbon-purging technology is already in use, removing the climate-harming gases from oil.facilities for oil and gas all around the world.

According to the website of oil company BP, “CO2 capture and transportation technologies have been operating safely across the globe and in the US for many years.”

The Saudi state-owned oil company Aramco claims that “technologies capture CO2 emissions at source or directly from the air,” and describes how the carbon is either safely stored underground or transformed into “useful products.”

In fact, the technology to capture one significant greenhouse gas, methane, from oil and gas operations already exists and is only waiting for funding to be deployed widely. However, the technology to absorb carbon dioxide, the largest contributor to global warming, is still expensive, restricted in scope, and frequently energy-intensive on its own.

FILE - U.S. Special Presidential Envoy for Climate John Kerry speaks during an interview with The Associated Press at the U.S. Consulate General after the G-7 ministers' meeting on climate, energy and environment in Sapporo, northern Japan, Sunday, April 16, 2023. (AP Photo/Hiro Komae, File)

While carbon-capturing technologies will play a role, oil and gas production itself has to be phased out, according to the International Energy Agency, certain national governments throughout the world, and numerous climate scientists and environmentalists.

Commercial-scale carbon capture projects have, in practise, “fallen far, far short of the claims,” according to David Schlissel of the study team at the Institute for Energy Economics and Financial Analysis.

Simply put, Schlissel said, “I just believe it’s ridiculous to imagine that we can keep spewing the stuff, CO2, methane, into the atmosphere and that at some time we’ll be able to absorb it.

An American Petroleum Institute trade organisation representative declined to comment. A 2019 industry research committee proposed for significant government support to absorb 25% of the existing greenhouse gas emissions.within 15 years, gases.

In order to complete the “at-scale phase” of CCUS commercial implementation, API supports federal laws.

This year, the conflict between rapid production cutbacks and technology rescue is expected to reach a boiling point.

The United Arab Emirates is hosting the yearly climate talks, which are sponsored by the U.N. and intended to assist nations stay on track to fulfil their commitments to reduce emissions.

Sultan al-Jaber, the head of the national oil firm of the United Arab Emirates, will serve as the host for the discussions. The Gulf nation is promoting climate change while growing drilling, much like the U.S. and numerous other nations.

Al-Jaber is asking for a phase-out of “fossil fuel emissions” going into the climate negotiations in November, although it’s unclear if he means a speeding up of technology or is open to other options.some reductions in output.

For the first time, nations opted to reduce the world’s usage of coal at the 2021 U.N. climate negotiations in Scotland. A strong push for a commitment to phase out oil and gas was made at talks in Egypt the following year, but it was unsuccessful.

Any agreement at this year’s climate conference that the world should begin reducing its oil and gas output would be a first, even if it is not legally enforceable. Governments and the sector would be under pressure to comply.

Kerry opposed setting a date for the phase-out of oil and gas production. According to him, the speed at which the globe transitions to electric automobiles and renewable energy-fueled power networks will determine how quickly that may occur.

He said that an international agreement to phase out the use of “unabated” oil and natural gas, or oil and gas where the carbon emissions are not collected, could “quite possibly” result from this year’s climate negotiations. Those who want immediate reductions in oil and gas output may be disappointed by this.

The cutoff date, according to Kerry, is 2030. The world will need to have roughly halved climate-damaging emissions by then, according to the U.N.’s top climate body, in order to prevent the more disastrous effects of global warming.

Kerry remarked, “We can’t let wish or hope rule common sense here.” “We should be doing that if we know that using more renewable energy and modern technology will accomplish the task.”

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