Looking back – before his departure, in an article by The Times, BP’s Bob Dudley made a noteworthy point in regard to the climate crisis. The complexity of the challenge we face is often understated. We have raised similar points in previous articles – renewables are not a blanket solution and neither they can they meet growing energy demand. Equally they cannot be developed with ‘net-zero’ consequences, as noted in this article.
What we can do to support renewables is make natural gas cleaner, more efficient and eventually ‘net-zero’ with investments in knowledge and technology. The credentials and potential of natural gas cannot be matched, it just needs to be sourced and developed in a way that befits the modern world – responsibly and sustainably.
Gas2Wire with CCS is one way to achieve this. Unlike many recent misquotations of the intentions of the European Investment Bank, this configuration would fit into the category of ‘exceptions’ in their decision to stop financing fossil fuel projects (being a gas-fired power project that incorporates CCS). There is a place for low carbon fossil fuel technologies, even in a greener world – responsible sourcing and development is the key. Our aim is to make this a reality.