FOR IMMEDIATE RELEASE
For Information Contact
Fred Kuebler, 781-879-2331 Kueblers4@hotmail.com
June 29, 2016
Cost-effective Technology Can Help Address
A Statement from PATRICK VON BARGEN
Executive Director, Center for Methane Emissions Solutions
Washington, D.C. – “Today, the leaders of the United States, Canada and Mexico have signed an agreement to cut methane emissions by 40% by 2025. Currently, there are nearly 80 companies in the US that are poised to help the North American oil and natural gas industries meet this challenge head on with innovative technology that is cost effective.
While this is an important milestone, this is not a challenge that is unique to just one continent. As the use of natural gas continues to grow globally so does the need for methane mitigation technology. As other nations step up their efforts to reduce methane emissions, the global market for methane mitigation technologies will continue to grow -- and grow substantially. We want to ensure that American companies’ technologies fill that market need.
As the technology continues to mature its demand will only increase. This will have a profound impact in three areas. First, as the methane emissions mitigation industry grows so will the number of American jobs stimulating economic growth. Next, US companies, many of which have overseas operations, will be able to bring more product to the market. This will positively impact their bottom line. Finally, this technology has the added benefit of addressing a major climate challenge. Methane is a very potent greenhouse gas, and this technology has a significant impact on emissions therefore reducing the environmental impact.
It’s clear that methane emissions mitigation technology is a win-win-win, for the economy, the natural gas and oil industry and the environment. The time is now to take this American technological ingenuity global.”
The Center for Methane Emissions Solutions was founded to provide a voice for businesses that that offer innovative solutions to reduce methane emissions. The Center represents the interests of American businesses that develop and manufacture cutting edge technologies, install commercial technologies, and aid inspectors on the job to significantly cut methane waste on a cost-effective basis across the oil and gas supply chain. For more information, visit the website at www.methanesolutions.org.