People often think of the energy sector as a great place to find jobs, but some of the best, most stable job opportunities in the sector aren’t what you’d think. They’re not dedicated to resource production, but to minimizing the millions of tons of natural gas and associated pollution that leaks as the product is produced and delivered, wasting resources and causing a serious environmental problem.
Each year, more than 7 million tons of methane – the main component of natural gas and a powerful pollutant – escapes from oil and gas operations. These emissions pack the same short-term warming punch as pollution from 160 coal-fired power plants, and equal enough wasted natural gas to heat and cook meals for 5 million American homes.
Companies across the country are already harnessing the power of American innovation to solve this problem, creating new job opportunities in the process. And, a growing trend toward stronger state and federal safeguards to standardize methane reduction best practices is putting more wind in the sails of this growing industry.
Many of the positions being created are skilled, high-paying jobs for workers such as engineers and welders, according to a 2014 Datu Research report on the emerging methane mitigation industry. But these companies need a variety of other positions filled too, from sales to accounting to general labor.
Many of these companies have their roots in traditional equipment manufacturing, such as valves and sealing technologies that keep industrial systems running as efficiently as possible. Others, such as makers of optical gas imaging, are on the cutting edge of new technologies that allow users to identify methane leaks that are invisible to the naked eye. Read more
As the dog days of summer expire and football season approaches, many sports fans will anxiously scan their favorite team’s rosters for training camp injuries–finding everything from the innocuous, to the dreaded torn Achilles that already sidelined several pro players for the season’s start.
When it comes to the energy industry, methane emissions loom as the Achilles heel of natural gas. On the surface, natural gas appears to many as a star American player – abundant and cleaner burning than coal.
But unchecked methane emissions, which are 84 times more potent than CO2, undercut natural gas’ climate change performance.
This risk has grown particularly acute because the recently finalized Clean Power Plan, which targets carbon dioxide emissions from coal-fired power plants, casts natural gas as part of a viable near-term strategy to win the climate game.
The spotlight on natural gas’ performance is only growing as more viewers tune in.
The difference is, while there is no sure-fire way to prevent an Achilles tear on the athletic field, we have the means at our fingertips to dramatically reduce methane emissions and help natural gas become a stronger player that puts more points on the board for the economy and climate.
New EPA methane rules announced Tuesday can be an important step if finalized in strong form, yielding four business benefits: Read more
A rising chorus of companies in the oil & gas services sector are adding their voices to the majority of Americans who think it’s a smart idea to limit vast waste of methane taking place every day in the nation’s the oil and gas operations. These companies in the methane mitigation industry are experts in finding and fixing methane waste. They issued statements welcoming the EPA’s announcement of planned rules aimed at reducing methane emissions from the oil and gas value chain.
As the ones who are working overtime to provide technologies and services to minimize release of methane and other pollutants throughout the natural gas value chain, these companies see limiting methane emissions as smart business for the oil and gas industry.
Consider their remarks:
- “Rebellion Photonics welcomes today’s announcement from the EPA regarding its methane plan. It is a positive step towards ensuring we minimize emissions of methane, a short-term climate forcer, from the US oil and gas value chain. America’s shale revolution holds vast potential to both power our economy and drive environmental gains. Limiting the amount of methane that leaks from natural gas equipment ensures that we will maximize the environmental benefits of America’s plentiful natural gas resources,” said Rebellion Photonics, a manufacturer of specialized cameras that detect methane leaks.
- “The FSA and its members are committed to doing its part to address climate change. The FSA is well equipped to work with our partners in the oil and gas sector, the EPA and the Obama Administration in finding solutions and being a technical resource to curtail methane emissions,” said the Fluid Sealing Association, which represents major US manufacturers of sealing technology that helps limit emissions of methane.
- “Apogee Scientific, Inc. looks forward to working closely with the EPA and the Oil and Gas sector to reduce the environmental and health impacts of oil and natural gas development in the United States. As a company based in Colorado, a state with the country’s strongest methane rules, we have seen first-hand how good, comprehensive policy can drive environmental, economic, and local community benefits. The EPA should look at Colorado as the model of how good methane policy can benefit all stakeholders involved,” said Apogee Scientific, a Colorado-based maker of leak detection equipment.
These statements express the clear private-sector support for smart, common sense limits on methane emissions that will level the playing field for operators nationwide and drive down emissions. Read more
An inspector uses a FLIR camera to detect methane gas leaks. (Source: FLIR)
Out of sight, out of mind. This certainly applies to methane emissions from the oil and gas sector.
That’s because methane, a highly potent greenhouse gas and the primary constituent of natural gas, is invisible to the naked eye.
And it’s one reason methane emissions, while a significant threat to our environment, don’t get the attention they should from policymakers or the public when compared to, say, conspicuous oil spills.
But we have the technology to make the invisible visible. As you’ll see in the video below, fugitive methane emissions look very much like an oil spill in the sky.
The footage comes from FLIR, a maker of optical gas imaging cameras and one of the largest companies in the methane mitigation industry.
In 1933, Milton Heath Sr. opened a small, family-run consulting firm to find leaks from natural gas pipelines in an emerging energy market. More than 80 years later, the Texas-based business has expanded to provide more than 1,200 manufacturing and service jobs nationwide.
Heath Consultants’ business model may have changed – but the company’s commitment to finding and reducing leaks of methane—a potent greenhouse gas—has not wavered.
Stories like Heath’s are the focus of a new report released this week by Datu Research. The Emerging U.S. Methane Mitigation Industry looks at the growing industry that specializes in manufacturing technologies and providing services that help oil and gas companies reduce their environmental impact and deliver a valuable product to market.
The report analyzes more than 70 companies that limit methane emissions and provide high-paying, highly skilled jobs to thousands across the country. They operate in a rapidly growing industry responding to concerns over methane pollution that is rising in tandem with our domestic energy boom.
Environmental concerns about methane emissions continue to grow as more people understand the negative climate implications of this incredibly potent greenhouse gas. Now the financial community is taking note of not only the environmental risks but the impact of methane emissions on the oil and gas industry’s bottom line. Methane leaks not only pollute the atmosphere, but every thousand cubic feet lost represents actual dollars being leaked into thin air—bad business any way you look at it.
Source: Ash Waechter
Last week the Sustainability Accounting Standards Board (SASB)—a collaborative effort aimed at improving corporate performance on environmental, social and government issues—released their provisional accounting standards for the non-renewable resources sector, which includes oil and gas production.
These accounting standards guide companies on how to measure and disclose environmental, social, and governance (ESG) risks that impact a company’s financial performance. Their work highlights the growing demand amongst investors and stakeholders for companies to report information beyond mere financial metrics in order to provide a more holistic view of a company’s position.