What I’d like to see this Earth Day: More fracking
Year after year, we are treated to a message of environmental doom and gloom and admonitions on Earth Day. On the back of this sentiment in wealthy countries, governments have invested billions of dollars in inefficient, feel-good policies – such as subsidizing solar panels and electric cars. But really, there are far better ways to improve environmental prospects for humanity and our planet. This Earth Day, we need more fracking, more wealth, smarter investments, and fewer inefficient subsidies.
Earth Day also presents an opportunity to recognize a surprising, recent environmental achievement. In spite of decades of political wrangling, which failed to produce a meaningful global climate policy, it was ironically the U.S. with the shale gas revolution that has cut the most emissions globally. Fracking in the US has caused a dramatic transition to natural gas, a fuel which emits 45 per cent less carbon per energy unit. Data from the U.S. Energy Information Agency showed that in 2012, U.S. carbon dioxide emissions declined by more than 700 Mt (million tons) – 12 per cent lower than their peak in 2007. The shift from coal to natural gas is alone responsible for a reduction of between 400 and 500Mt. In fact, it amounts to twice the reduction that the rest of the world has achieved, even under the Kyoto Protocol.
Fracking is not the “ultimate” energy breakthrough – because natural gas is still a fossil fuel. But it is the best green option of this decade. And if fracking happens across the world, emissions would likely decline substantially by 2020.
Derrière chaque écologiste se cache des vieilleries socialistes coloriées en vert…
La gauche québécoise s’oppose à l’exploitation des gaz de schiste, car cette industrie crée des emplois et de la richesse. Or, la gauche déteste la création d’emploi et de richesse, surtout quand le mérite revient au privé. La gauche rêve plutôt de décroissance économique, un rêve incompatible avec l’exploitation des gaz de schiste.