What does "net zero" emmissions actually meanI found the article in the following link to be interesting and thought others might enjoy the easy read:
https://www.wri.org/blog/2019/09/what-does-net-zero-emissions-mean-6-common-questions-answered
I found a couple of interesting takeaways from the article:
1) Net zero doesn't mean the end of hydrocarbon use
2) Any residual GHGs would be balanced with an equivalent amount of
carbon removal, for example by restoring forests or through
direct air capture and storage (DACS) technology. The concept of net-zero emissions is akin to "climate neutrality."
SU committed to carbon recapture some time ago and has effectively implemented it in one of its facilities.
I expect that we are going to be hearing a lot more about the combination of carbon recapture and storage in the future.
Jennifer Granhold, the new Energy Secretary in the States recently warned the oil industry to pretty much get on board with the new green agenda or become obsolete.
I think the article in the link above provides a realistic roadmap (as opposed to left wing vigilante tactics) of how the oil industry (and ENB representing the pipes that will move the O&G) will respond in the coming years to the agenda of the Paris Agreement.
When I take into consideration the impending technological advancements that I have been learning about that will dramatically reduce the impact on GHG emmissions in the creation of electricity (which currently causes 27% of all GHG vs 28% for all transportation), I'm actually becoming opptimistic about the future of our planet.
If we could just find a technological advancement to eliminate policians and lobbyists, things would work much faster and smoother.