Most of the oil and gas companies are partly betting the farm on H2 from CH4 with CO2 capture and storage as a major source of energy in the coming transition, and thus a major source of profits for the next 30-40 years.
Most of the oil and gas companies are partly betting the farm on H2 from CH4 with CO2 capture and storage as a major source of energy in the coming transition, and thus a major source of profits for the next 30-40 years.
Almost everyone agrees (finally!) global warming is an existential threat for humankind. If you start bringing up other random environmental concerns you lose supporters quickly.
Just take solar power in Europe as an example. It is projected that we need to install 300 GW of solar in the next three years. But the rate of new installations has been basically flat at about 20-25 GW per year for the past 10 years.
Or take wind - we are going to install 21 GW this year, but next year that number will decrease due to constraints in permits and transmission grid capacity. To meet climate targets we need to add at least 30 GW per year.
At this point it's simple math that renewables cannot be deployed quickly enough.