Fracking in the face of global climate change

Abstract:

Until recently, “peak oil” was regarded as imminent. Now, however, the recent rapid increase in US oil and gas production from shale exploitation has delayed peak oil. This delay raises grave climate concerns. The development of new technologies (such as horizontal drilling) means that enormous unconventional reserves distributed worldwide may be readily recoverable, with large negative consequences on the global greenhouse gas emissions trajectory. If even a small portion of these unconventional reserves were exploited, it is highly likely that limiting global Earth warming to 2ºC, a goal being discussed for COP 21, will be impossible. Instead, tipping points in the climate system will likely be reached, with serious effects, including greatly accelerated ice melting, leading to large and unstoppable global sea level rise.

 The enthusiasm for shale gas stems in part from its potential role as a bridge fuel to wean the country from coal until low-carbon alternatives come into full play. However, shale gas and oil production entail direct adverse environmental impacts (air and water pollution, induced earthquakes and public health risks) that are only now coming to light. Gas production through fracking also has severe impacts on climate through the release of methane, a potent greenhouse gas that leaks from production sites. In intensive fracking regions, high methane concentrations are measured on the ground and are now detectable in satellite data.

Proponents of gas fracking argue that with the right policies to protect communities and the environment, natural gas can be harnessed as part of a broad climate strategy. But opponents of gas fracking believe that no regulation will be adequate to protect communities and the local environment. They also fear that natural gas produced through fracking will delay progress toward a carbon-free future.

We will explore the consequences for the global climate of exploiting these very large oil and gas resources.