John Arnold: belief

Transcript context

…How green do you think natural gas is? From a carbon standpoint, it’s relatively clean. I think the problem with natural gas is the methane leaks. It’s a problem that the industry has really avoided to date. I think that a lot of the focus in environmental movement for a long time was just on carbon and either didn’t recognize or didn’t address the methane leaks that are happening in the industry. There’s a lot of debate about what is the true environmental footprint of natural gas. I think it’s bigger than certainly what the industry is willing to admit and is bigger than what was commonly held. It’s a tricky problem. There are some components of it that are easy to address. There are some components of it that require an enormous amount of resources in order to plug old wells. The question is, how do we go about dealing with this legacy problem of old wells that are leaking, and that’s the expensive part. The easier part is making sure that the new supplies are as clean as possible, and I think industry has broadly done a good job with that. Which country does that best?…

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