Friday, January 27, 2023

Oil Companies and Climate Change | Joaquim Cole’s opinion

Climate change Sucking up subsidies is not the fault of a few scientists, nor is it an excuse to promote new sources energy Or the electrification of mobility. global warming It is evidence that we perceive in an increasingly daily way. The World Meteorological Organization has concluded that in 2022 the planet will reach an average temperature of 1.15 degrees Celsius higher than in the pre-industrial era. Dangerously close to the target established at the Paris summit of no more than 1.5 degrees Celsius. The deniers, or those who want us to do nothing, say that Earth’s climate has fluctuated throughout history. It is evident. But what’s new in the last 150 years is because of greenhouse gases And the speed at which this change is happening.

The point is that scientists working for the powerful North American oil and gas company ExxonMobil knew this before anyone else. Harvard University researchers have revealed in the journal Science That company had known for decades the disastrous consequences of hydrocarbons for the climate with astonishing accuracy, despite the fact that it publicly questioned the scientific consensus on the matter. Just as the tobacco industry denies the harmful effects of smoking on health, lobby The oil and gas sector has questioned or minimized both the causes and consequences of its activity for the planet., Embarrassing.

What we have to eliminate is that we continue to release more gases than we are capturing.

Exxon and other companies face numerous lawsuits in the US for hiding their know-how. We’ll see if they prosper, but what governments must force them to do is speed up projects to catch up CO₂, without which it would be impossible to reduce greenhouse gases by 2050. Unfortunately we will not be able to do without hydrocarbons in the coming decades, so we will not reduce the concentration of CO₂ in the atmosphere if we only emit. With your possession you can do two things. Store it underground or turn it into commercial chemicals. The capture implies enormous technical challenges, but it also opens up the possibility of a new trading space. oil and gas companies need to compensation for the damage caused, and get involved deeply, which can be profitable in the end. For example, both methanol and synthetic fuels are compatible with current combustion engines (for trucks or airplanes). It is an excellent solution to use the captured CO₂ and avoid increasing emissions because What we have to eliminate is that we continue to release more gases than we are capturing.

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