A Quote by Lynn Good
The way we grow is, we make investments. We've been building a natural-gas platform within Duke that started with the pipelines.
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We are importing Russian natural gas which is not produced in an environmentally conscious manner. If the states that are blocking the pipelines were truly concerned about the environment, they would look to where the natural gas would be coming from.
As we look ahead, we see increasing opportunities for Duke in natural gas - not just for producing electricity, but in providing gas for our customers. We have been investing in renewables as well throughout the U.S.
Through Duke Energy's strong balance sheet and electric generation expertise, and Piedmont's understanding of natural gas markets and proficient operations, the combined company will be well-positioned for a future that may require additional natural gas infrastructure and services to meet the needs of our customers.
What I want is natural gas to be a bridge to a cleaner energy future, not a dam against a cleaner energy future, not a dead end. To get this right, to get the most out of it, we not only have to make sure we exploit natural gas in a clean way - it's a challenge - but we also have to make sure that we are instilling and implementing all the incentives to win solar, nuclear energy efficiency that will make them continually competitive with natural gas in the future.
We need fuel diversity as far as the generation of electricity because you can only get so much natural gas through the pipelines.
Relative to oil, however, natural gas is very cheap and very attractive. And I think that natural gas in emerging markets is very attractive. There is very little natural gas infrastructure in places such as China, where there is tremendous demand for natural gas.
Today, natural gas now outstrips coal as the leading provider of electricity in America. If this is as big as people believe it is, natural gas will soon be powering trucks and marine ships. Maybe even standard commercial cars that people use at home through compressed natural gas, other gas to liquids. The potential is there for more energy independence by America and a reliance on cleaner fuel - natural gas emits half as much as coal, in terms of carbon emissions. That's a real bounty.
(Space programs are) a force operating on educational pipelines that stimulate the formation of scientists, technologists, engineers and mathematicians... They're the ones that make tomorrow come. The foundations of economies... issue forth from investments we make in science and technology.
We do have serious energy needs for the country, we are aware that natural gas is especially in demand because of its air quality benefits: 90 percent of new power plants have been natural gas-powered.
The thing that got me started on the science that I've been building now for about 20 years or so was the question of okay, if mathematical equations can't make progress in understanding complex phenomena in the natural world, how might we make progress?
The simplest way to remove carbon dioxide, the main greenhouse gas, is to grow plants - preferably trees, since they tie up more of the gas in cellulose, meaning it will not return to the air within a season or two. Plants build themselves out of air and water, taking only a tiny fraction of their mass from the soil.
I think what we all have to do is make this big leap towards renewables. And it has to be a solution where you're actually building the answer; and it has to be built faster than the natural gas industry can build their answer.
We promote new fossil fuel infrastructure, from airport expansion and coal mines in the U.K. to oil pipelines in the U.S. Investments are meant to build and secure our shared future - but all these fossil fuel investments are directly fuelling the climate crisis that threatens to undermine that future.
We've recognized that natural gas would be the fastest-growing of the conventional fuels: oil, natural gas, coal. And so, we see the important role that natural gas will play globally and, more importantly, the important role it will play in the U.S. in terms of meeting future energy demand.
Natural gas will displace coal in power generation. Getting natural gas into the transportation fleet is harder. It works best for vehicles that work from centralized fueling facilities like trucking fleets or buses and cabs. That is happening. Before it can make big inroads beyond that, infrastructure is going to need to be developed.
We're very lucky. We've been blessed with a platform, and what you can do with that platform, you can do a million things with it. I guess I just take pride in using the platform the right way.
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