An overview of the climate change issue from the U.S. oil and natural gas industry
Oil and natural gas take us down the street and around the world. They warm and cool our homes and businesses. They provide the ingredients for medicines, fertilizers, fabrics, plastics and other products that make life safer, easier and better.
While the world relies on oil and gas for most of its energy and is likely to do so for years to come, emissions from their production and use have raised concerns. These emissions may be helping to warm our planet
by enhancing the natural greenhouse effect of our atmosphere. The contribution of possible man-made warming is uncertain as are the extent and timing of potential future impacts. Nevertheless, the need to take action is clear.
That’s why oil and natural gas companies are voluntarily reducing emissions by:
As our economy grows, producing greater wealth and technological innovation, oil and natural gas companies and other businesses will find better, more cost-effective ways of reducing emissions. Public policy that encourages improvements in technology will accelerate this process. This approach is also likely to be less burdensome to consumers and to our economy than policies that mandate near-term reductions in greenhouse emissions.
For an overview of what companies have been doing to address climate change in these and other areas please see Global Climate Change in the Environment, Health & Safety section.
And just as our industry is taking action, everyone can contribute to improved energy efficiency. The Power Is in Your Hands campaign, created by 23 companies, trade associations and nonprofits, provides consumers with information on what they can do to help. Its website offers valuable energy efficiency information for homes, transportation, and businesses. The campaign also encourages all Americans to take the Six Degrees of Energy Efficiency Web Challenge.
09/18/2007 API recently completed a Summary of Carbon Dioxide Enhanced Oil Recovery (CO2EOR) Injection Well Technology. This important Background Report identifies the technologies and operating practices that have been developed by the oil and gas industry for injecting carbon dioxide (CO2) for enhanced oil recovery (EOR). These technologies and practices have been developed specifically for use in CO2 EOR; however, the oil and gas industry's experiences and learnings may be of value in considering the injection of carbon dioxide for the purpose of geologic storage. |