John Kerry said he's putting the natural gas industry “on notice.” “You’ve got to come up with a means by which you’re going to capture [emissions], and if you’re not capturing, then we have to deploy alternative sources of energy,” Kerry said.
President Biden’s climate envoy, John Kerry, says he’s putting the natural gas industry “on notice,” suggesting it has a decade at most to solve for the emissions that are driving Earth’s temperature dangerously higher.
“We have to put the industry on notice: You’ve got six years, eight years, no more than 10 years or so, within which you’ve got to come up with a means by which you’re going to capture, and if you’re not capturing, then we have to deploy alternative sources of energy,” the one-time presidential candidate said.The natural gas NG00, -0.
Already, natural gas produces about 50% fewer greenhouse gas emissions than coal when burned to generate electricity. The administration also announced that lease sales for oil and gas drilling on federal land can resume, an expected move after a Louisiana federal court injunction. But, an administration official said, with the ruling, the Interior Department would sharply reduce the acreage available for leases and charge higher royalties on the oil and gas produced there, comparable to that on private land.
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