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Fossil Fuel

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PENCE: “The both of you repeatedly committed to abolishing fossil fuel and banning fracking … President Trump has made clear we’re going to co…

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A secretive startup backed by Bill Gates has achieved a solar breakthrough aimed at saving the planet.

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For now, Heliogen is squarely focused on solar. One problem with solar is that the sun doesn't always shine, yet industrial companies like cement makers have a constant need for heat. Heliogen said it would solve that issue by relying on storage systems that can hold the solar energy for rainy days.

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BERNIE SANDERS: "We're forgetting about the existential threat of climate change." ''Right now the CEOs in the fossil fuel industry know full well that their product is destroying this world and they continue to make huge profits."

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ANDREW YANG: "They are right that we need to take urgent action, but the timeline that they put out there would do away with commercial air travel and a lot of other things in a particular time frame." — candidates' town hall on CNN.

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The EPA estimates that the proposed new amendments would save the oil and gas industry $17 to $19 million per year. While this may sound like a lot of money, it pales in comparison to the economic value to be gained by minimizing leakage. We estimate that reducing methane emissions from 2.3% to 1% would result in an annual revenue of over a half billion dollars per year, which is more than 30 times the estimated savings from rolling back the regulations. Many oil and gas companies recognize this fact, and they also recognize that regulations are needed to ensure that all companies are held to the same standard.

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