Recently there have been calls for a ban on U.S. oil and natural gas production using hydraulic fracturing (also known as “fracking”), and several states have passed laws banning its use. To investigate such a policy initiative, the American Petroleum Institute (API) turned to OnLocation to provide quantitative modeling and analysis to determine the impacts of an outright ban on fracking. API chose OnLocation because of its reputation for respected and timely analysis of this nature.
On Friday February 28, the comment period for the regional Transportation and Climate Initiative (TCI) Draft Memorandum of Understanding (MOU) comes to a close. The TCI proposal would establish a regional program to cap greenhouse gas emissions from transportation fuels and invest in transportation projects to achieve additional environmental benefits. The program would cover more than 40 percent of greenhouse gas emissions from twelve TCI states and the District of Columbia. After the MOU comments have been compiled and incorporated into the proposal, a final MOU will be released, likely in the spring, for final approval by TCI states.
What would a world without fossil fuels look like in the next two decades? We at OnLocation Inc. are excited to see our work featured in the recently released study “The Impacts of Restricting Fossil Fuel Energy Production.” The American Petroleum Institute (API) sponsored this study to spotlight the implications of a future in which no new fossil fuel production development occurs in the U.S. This scenario was modeled after the so-called Keep It In The Ground (KIG) effort which has evolved from its initial start as a movement to halt oil and gas development on public lands in the U.S. into a climate movement.
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