Boggart Abroad: 12/14/23

Thursday, December 14, 2023

COP28 full of ‘phony climate promises – We must abandon Net Zero before it’s too late

The 'historic' deal which committed the world to the transition away from fossil fuels and was cobbled together to save fave at the end of the more than usually ridiculous COP28 climate conference, also created a role for two key oil industry priorities, these are natural gas and carbon capture from CO2 emissions (CCS).

The summit’s final text (V6 R 210) indicated that natural gas, which is somewhat less carbon-intensive than oil and coal, can play a part in cutting emissions. It also placed CO2 capture and storage alongside renewables and nuclear as key technologies that would drive the transition. What it did not do was show how the world will transition away from 'fossil fuels' without destroying civilisation, sending most nations back to subsistence farming economies and achieving the true goal of all this climate bollocks, which is of course massive depopulation of the planet.

The areas where Big Oil has been making multibillion dollar bets, and whether they truly complement, or actually contradict the pledge for a lower-carbon world is still open to debate. For natural gas it’s largely a question of timing, and for CCS it’s a matter of technological progress.

COP 28 President Sultan Al Jaber - picture: https://www.climatedepot.com/

“We are not going to win the fight against the climate change if we continue to rely structurally on fossil fuels,” said Tinne Van der Straeten, the energy minister for Belgium which still relies on gas for almost a quarter of its electricity production. “Gas as a transition fuel means that you use it as short as possible.”

He might have a point if anybody had as yet proposed an economically viable and politically acceptable alternative to gas, oil and coal.

Gas has been identified by the industry as the cleanest of fossil fuel since it releases less carbon dioxide than coal or oil when combusted (though we get back to the old problem of the climate change lobby which is that CO2 is not a pollutant but an atmospheric gas essential to the existence of all life forms on earth. However, in many regions it’s also responsible for rampant methane emissions, a greenhouse gas that’s 80 times more potent than CO2 (but actually breaks down in the atmosphere very quickly. The COP28 text included a pledge to reduce methane pollution to near zero by the end of decade, and has been widely endorsed by the fossil fuel industry though again nobody has any idea how this can be done without causing immense damage to economic and social structures.

Before the so called deal, which is not really a deal but a wish list compiled by ecoloon activists, there was already a long-running debate about the role of natural gas in the shift to clean energy. Corporate giants including Shell Plc and Woodside Energy Group Ltd. insist it has a role in providing secure long-term fuel supplies. They are making big investments in new projects to pump gas, which for many companies represents a growing share of their overall fossil fuel production.

The fossil fuel industry had a big presence at the Dubai climate conference, unsurprising really as the United Arab Emirates of which Dubai is a part, is one of the world's leading oil and gas producers. The president of this year’s UN-sponsored summit, the United Arab Emirates’ Sultan Al Jaber, also runs the country’s oil company. He managed to broker an agreement that kept Saudi Arabia and other oil producers on board simply by persuading all attending nations, plus CEOs of major mining, drilling and pumping corporations including Darren Woods of Exxon Mobil Corp. and Toby Rice of EQT Corp. to agree that if CO2 emissions are to be reduced by replacing gas oil and coal with 'sustainable' energy sources the transition must be made in an orderly fashion.

Some governments, such as Japan’s, also insisted that additional investment in gas is necessary to boost energy security, especially after Russia’s invasion of Ukraine last year sent prices of the fuel to a record high. Firms in Europe and Asia signed 27-year liquefied natural gas purchase agreements with Qatar over the last year. Critics argue that this threatens 2050 net zero targets.

Proponents argue that CCS could help preserve the energy security of fossil fuels without the emissions. Critics say it’s unproven at scale and a convenient fig leaf for Big Oil.

So really, after the $£€billions spent and tons of CO2 emitted in flying all these world leaders and CEOs to Dubai in private jets, and the rest of the 30plus thousand delegates on scheduled and charter flights and putting them up in 5 and 6 star hotels, nothing much has changed. And nobody had the nous to say what everybody in the developed world who was not at the conference knows, that 'net zero' by 2050 is impossible and should be abandoned now before the ecoloons and virtue signallers to drive humanity to collective suicide.

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