Natural gas will continue to play a critical role in reducing emissions by replacing coal for power generation while reliably backing up renewable energy sources, said Williams President and CEO Alan Armstrong at COP28, the United Nation’s climate meeting in Dubai.
Last year, countries around the globe burned more coal to generate electricity than any other time in history. By contrast, emissions in the U.S. have declined significantly since 2005 because of the switch from coal to lower-carbon natural gas.
“We’re continuing to grow coal use around the world and the fact is, natural gas is more economic and one of the few things that we can deploy in scale without government subsidy to reduce emissions dramatically around the world,” Armstrong said in an interview with CNBC.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. Primera Oil and Gas is the Trinidadian subsidiary of Touchstone.
