By simply knowing more about its oil, California has an opportunity to further transform a critical sector that must rapidly respond to the realities of a warming world.
While recent actions in Washington cast doubt on the reliability of federal data, states stand to gain if they collect the data necessary to solve pressing problems, such as climate change.
California faces hidden climate risks from its oils.
The Trump administration, as well as the private sector, should embrace strategies for jointly tackling local air quality and global climate change where there are many goals which naturally align.
Given the state’s future oil prospects along with large volumes currently being produced, refined, and sold, it is incumbent that elected officials and the public better understand California’s oils.
Lebanon has embarked on the path of developing an oil and gas sector at a time of increasingly vociferous calls for transparency in the sector worldwide.
Reducing emissions through innovation is technically feasible, and despite a regulatory focus on other fossil fuels, oil will increasingly offer ways to mitigate climate change.
Focusing mainly on petroleum products has handicapped efforts to help the oil industry make choices consonant with a low-carbon world.
Taxing climate pollution instead of productivity will be a societal breakthrough.
Innovative and continuous support will be needed to manage the effects of a sustained decline in oil prices, especially in oil-producing and developing countries.