Is there a Place for Oil and Gas in Our Future?
With the renewable energy industry growing at a fast rate, some world leaders question whether or not oil and gas will play a significant role in our future. Due to a fluctuating abundance of oil and gas resources amongst the Americas, there is currently a clear divide on the stance of climate change and the usage of fossil fuels.
What is the Summit of the Americas?
The Summit of the Americas is a meeting for all leaders from the North, South, and Central American countries. The ninth installation of the Summit took place in Los Angeles during the week of June 6-10, to focus on “building a sustainable, resilient, and equitable future” (US Government, 2022). More specifically, it discussed trade barriers, migration, economic inequities, and most of all, climate change.
Current Event Impacts on Oil and Gas
The long-lasting impacts of COVID-19 and the war in Ukraine have left some of these countries in severe debt. These countries typically rely heavily on their oil and gas resources to stimulate their economies. Such factors tend to bare a heavy influence on a nation’s vulnerability and willingness to limit the usage of oil and gas, their most valuable resource.
What are the Consequences of Global Warming?
Last year, the International Energy Agency issued a warning claiming that there were to be “no new fossil fuel developments if earth is to limit global temperature rise to 1.5 degrees Celsius by the end of the century” (NYT, 2022). If humanity bypasses that 1.5-degree threshold, the immense dangers of global warming, such as wildfires, flooding, and droughts, grow considerably.
How Can You Help?
In 2020, electrical and heat generation contributed to 31% of the world’s total greenhouse gas emissions (C2ES, 2020). Borrum Energy Solutions’ Anorra microgeneration wind turbines can reduce your rural dwellings natural gas usage, thus reducing your greenhouse gas emissions and improving your carbon footprint. For more information on our products and how we can help, please visit Borrum Energy Solutions.