December 7, 2019 - 9:31 AM EST
Print Email Article Font Down Font Up Charts

John Kerry's Climate Coalition Highlights the Importance of Natural Gas

Former senator and Secretary of State John Kerry has launched a new climate coalition complete with bipartisan support, Hollywood celebrities, and military leaders, according to reporting by The New York Times. While the starting funding of $500,000 is laughably small, the group's ability to cross political and ideological divides gives it intriguing potential to succeed. 

So does the coalition's acknowledgement of the importance of one particular emissions-reducing tool: natural gas. As John Kasich, former governor of Ohio and a member of the new group, told the Times, "If I've got to sign up to be an anti-fracker, count me out." He was referring to hydraulic fracturing, the latest production method for natural gas.

Natural gas may not pass the climate action purity test or appease supporters of the Green New Deal, but the numbers make it clear that the fossil fuel will play a crucial role in meeting climate obligations. In fact, it already has -- and investors (and the planet) can continue to reap the benefits before it gets phased out.

Continue reading

Source: Motley Fool (December 7, 2019 - 9:31 AM EST)

News by QuoteMedia

Legal Notice