WASHINGTON – Today, the American Exploration and Production Council released the following statement with regard to the White House announcement yesterday about a new “Climate Innovation Working Group”:
“Experts agree that the world cannot meet its climate goals without significant technological advancement, and we applaud the Biden Administration’s efforts to promote American innovation to solve these tough challenges. AXPC member companies—made up of thousands of talented innovators, scientists, engineers, and sustainability experts, stand ready to collaborate across sectors and support innovations that further reduce emissions to support many of the Administration’s climate innovation goals. By working together to tap our industry’s ongoing R&D, human capital, and staunch commitment to environmental progress we can create a cleaner, more prosperous future, while growing American jobs and energy production” said AXPC CEO Anne Bradbury.
Oil and Natural Gas Industry Innovative Efforts to Reduce Emissions
American oil and gas producers have an irreplaceable role in meeting the challenge of global climate change. AXPC, representing large independent American oil and gas producers, supports innovative, collaborative solutions that lower greenhouse gas (GHG) emissions while meeting the world’s growing need for abundant, low cost, reliable energy. Examples of our industry’s innovative efforts to reduce emissions and address climate change include:
Methane Reduction Technologies: U.S. independent producers meaningfully reduce methane emissions with new technologies, including: innovative leak detection such as satellite and aircraft based sensors, replacing or upgrading high-emitting components (i.e. pneumatic controllers), enhanced design for new facilities, and investments in infrastructure.
Hydraulic fracturing and horizontal drilling: through these technologies, our industry has tapped into our nation’s vast resources of affordable and reliable energy. The dramatic increase in the production of domestic natural gas is the single largest contributor to reducing U.S. greenhouse gas (GHG) emissions to their lowest level in a generation. Fracking continues to improve, as greater equipment and engine efficiency and improved technologies mean less energy consumption – thus lower air emissions – per unit of energy produced.
Carbon Capture and Utilization Storage (CCUS): a process by which carbon dioxide is removed from combustion processes, CCUS is “the only group of technologies that contributes both to reducing emissions in key sectors directly and to removing CO2 to balance emissions that are challenging to avoid – a critical part of ‘net’ zero goals,” according to IEA.
U.S. liquified natural gas (U.S. LNG): this American innovation is one of the best ways to reduce global emissions and ensure that worldwide energy demand is satisfied in a manner that minimizes GHG emissions while maximizing reliability, and cost-efficiency.
About the American Exploration and Production Council:
AXPC is a national trade association representing the largest independent oil and natural gas exploration and production companies in the United States. We lead the world in the cleanest and safest onshore production of oil and gas, while supporting millions of Americans in high-paying jobs and investing a wealth of resources in our communities. Learn more at https://www.axpc.org/