This is a news compilation setting the record straight on the day’s top anti-oil and gas stories and providing research and facts to counter misinformation about the oil and gas industry.
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News Headline:
Letter: Hydrogen Strategy for Canada should focus on renewable hydrogen
A signed letter to the Minister of Natural Resources from anti-oil and gas groups misleads on hydrogen produced from hydrocarbon fueled electricity and natural gas with carbon capture technology.
The Facts:
Hydrogen produced from hydrocarbon fueled electricity and natural gas with the deployment of carbon capture and sequestration will help drive down emissions.
• 95% of hydrogen production today is from carbon-based fuels like natural gas.
http://www.certifhy.ca/Green%20and%20Blue%20H2.html
• Despite claims that hydrogen produced from hydrocarbon fueled electricity and natural gas are not cost-effective, the International Energy Agency estimates that this form of hydrogen costs about half that of hydrogen produced from renewable energy when deployed with carbon capture.
https://www.iea.org/reports/ccus-in-clean-energy-transitions/a-new-era-for-ccus#growing-ccus-momentum
• Despite claims that carbon capture utilization and sequestration is an unproven technology, the International Energy Agency sees carbon capture utilization and sequestration as “offering the potential to contribute – directly or indirectly – to emissions reductions in almost all parts of the global energy system.”
https://www.iea.org/reports/ccus-in-clean-energy-transitions/a-new-era-for-ccus#growing-ccus-momentum
• Despite concerns that growing natural gas use for hydrogen production will increase the number of abandoned wells, wells that are depleted can actually be used for carbon storage applications. https://www.sciencedirect.com/science/article/pii/S240565611630061X
• As the #1 ranked country for ESG of the top 10 oil and gas producers and the 4th largest producer of natural gas, Canada can use its best in the world oil and gas industry to become a leader in hydrogen production too.
https://research-ca.bmocapitalmarkets.com/documents/140A6529-CE63-4B90-A627-06768A001783.PDF
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Link:
https://canadianenergynetwork.org/hydrogen-produced-from-hydrocarbon-fueled-electricity-and-natural-gas-with-the-deployment-of-carbon-capture-and-sequestration-will-help-drive-down-emissions/
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