Oil & Gas
Oil companies are more concerned with their public images than ever before, especially as it relates to the environmental impact of their operations. Under pressure from agencies such as the U.S. Department of Energy, and the Office of Fossil Energy, as well as from consumers, activists and shareholders, many oil companies have invested in renewable energy or altered their procedures to “go green”.
HOW IT WORKS
The Renewable Fuel Standard (RFS) is a federal program that mandates the incorporation of renewable fuels into the nation’s transportation fuel supply. Turning to renewable natural gas can help offset significant compliance risk. NLC Energy has a team of experts who regularly navigate these complex federal programs and incentives.
SUSTAINABLE SOLUTIONS
The need to ensure that oil and gas policies and processes have minimal impact on the natural landscape has never been greater. NLC Energy is focused on creating renewable natural gas, which can offer a double climate benefit: it replaces fossil fuels with renewable fuels, and also prevents methane from leaking into the atmosphere from sources such as livestock and landfills. Methane is a powerful greenhouse gas more potent than carbon dioxide over 100 years, according to the U.S. Environmental Protection Agency. It accounts for 16% of global emissions, with 60% of that coming from human activities like industry, agriculture, and waste management. Simply capturing methane for use as an energy source helps limit these impacts. NLC Energy is on the cutting edge in developing and implementing these climate-friendly processes.
BENEFIT TO OIL AND GAS
Fossil energy firms reduce carbon footprint to gain public favor, gain shareholder loyalty, and in some instances, qualify for government financial incentives to reduce cabon. Working in compliance with government mandates improves the public reputation and the bottom line of any oil and gas firm.
Imagine running a 10-K in Beijing - without the mask.
About 80% of energy used by society is derived by burning oil, coal and gasoline. An April, 2021 peer-reviewed study published in Environmental Research attributed 8.7 million deaths, nearly one in five, globally, to exposure to fine particulate matter from burning fossil fuels. In the U.S., fossil fuels account for about three quarters of our carbon emissions, according to the NRDC. Fossil Fuels: The Dirty Facts, June, 2018. Additional air contaminants result from landfills emissions, which accounted for 15% of human methane emissions in the U.S. in 2019, according to the EPA, the approximate equivalent to emissions from 21.6 million cars over a year. Using natural, biological and chemical processes to degrade organic waste, we no longer need to burn or bury it. Harvesting energy from these processes, we reduce the need to burn fossil fuels, amounting to cleaner air to breathe.