Methane Blast in Baltic Sea Highlights Global Problem

FILE - Flares burn off methane and other hydrocarbons at an oil and gas facility in Lenorah, Texas, Friday, Oct. 15, 2021. David Goldman/AP
FILE - Flares burn off methane and other hydrocarbons at an oil and gas facility in Lenorah, Texas, Friday, Oct. 15, 2021. David Goldman/AP
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Methane Blast in Baltic Sea Highlights Global Problem

FILE - Flares burn off methane and other hydrocarbons at an oil and gas facility in Lenorah, Texas, Friday, Oct. 15, 2021. David Goldman/AP
FILE - Flares burn off methane and other hydrocarbons at an oil and gas facility in Lenorah, Texas, Friday, Oct. 15, 2021. David Goldman/AP

As serious as the methane escaping from ruptured pipelines on the floor of the Baltic Sea may be, there are alarming incidents of massive methane releases around the world frequently.

Climate scientists have found that methane emissions from the oil and gas industry are far worse than what companies are reporting, despite claims by some major firms that they’ve reduced their emissions. That matters because natural gas, a fossil fuel widely used to heat homes and provide electricity, is made up of methane, a potent climate warming gas. It escapes into the atmosphere from well sites and across the natural gas distribution network, from pipelines and compressor stations, to the export terminals that liquefy gas to ship it overseas.

Scientists measuring methane from satellites in space have found that methane emissions from oil and gas operations are usually at least twice what companies reported, said Thomas Lauvaux, a scientist at University of Reims in France. In Permian Basin, the largest oil and gas field in the United States, methane emissions were two to three times higher than what companies reported, he said.

“Everybody claims they have reduced their emissions, but it’s not true,” Lauvaux said.

Governments around the world, especially in the US, are also notorious for underestimating how much methane escapes into the air, said Cornell University ecology and biology professor Robert Howarth, who studies natural gas emissions.

In the US, the Environmental Protection Agency uses voluntary self-reporting from industry, instead of independent verification, which is what’s needed, Howarth said.

Globally, Turkmenistan is among the worst offenders for releasing methane into the atmosphere, based on satellite observations, Lauvaux said. The US falls somewhere in the middle, with some companies capturing methane pretty well and others performing terribly.

Lauvaux and other scientists have observed more than 1,500 major methane leaks globally, and potentially tens of thousands of smaller leaks, using satellites, he said.

Most of the oil and gas industry’s methane emissions come from pipelines and compressor stations, according to Kayrros, a company which analyzes satellite data.

Many of those so-called leaks are not accidental; they occur when companies perform routine maintenance. For example when a pipeline needs repair, operators need to bleed gas out so they can weld without an explosion. But instead of capturing the gas, most companies just open the pipeline and release the methane into the air, a practice which is legal in the US and elsewhere. Some companies do capture methane instead of just releasing it, but more could adopt the practice, scientists said.

One way the oil and gas industry tries to reduce methane emissions is by flaring, or burning off, what they consider excess gas. Companies might employ a flare when they’re drilling for oil, and gas comes up along with the oil. If they don't have the pipeline infrastructure to transport it to customers, or if they’ve decided that gas, which is generally cheaper than oil, isn’t worth the effort, they may send the gas up a flare stack to burn it off.

In Turkmenistan, scientists found flares malfunctioning for as long as three years. “This gas is just pouring into the atmosphere,” Lauvaux said.

A study released Thursday by scientists at the University of Michigan found that flaring releases five times more methane in the US than previously thought. Flares, they found, are often unlit or not working, allowing gas to escape directly into the atmosphere.

Reducing flaring or making sure flares are working properly would go a long way, said Genevieve Plant, a lead author of the study and climate scientist at University of Michigan.

“If we take action soon, it will have a large climate impact,” Plant said.

Fossil fuels are by no means the only source of methane. The gas can come from decaying garbage in landfills and livestock agriculture, even plants breaking down in reservoir dams. Fossil methane may make up some 30% of the total.

David Archer is a professor in the geophysical sciences department at University of Chicago and focuses on the global carbon cycle. He thinks much of the methane that has escaped from the Baltic Sea pipelines dissolved in the water.

The leak is dramatic, but it doesn’t compare to the daily impact of methane emitters such as agricultural operations, Archer said.

The amounts "from oil wells and cattle are much larger, just harder to visualize. If the explosion in the Baltic looks large, it’s because it’s concentrated,” he said.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.