Greenhouse gas emission is a global problem that multinational corporations and policymakers are still struggling with. Many solutions have been proposed, but none can fix the problem immediately. The world cannot shift from using fossil fuels to green sources of energy overnight. For example, green energy sources in the United States can only meet 15% of the country’s energy needs.
Currently, policymakers have proposed two broad approaches, which include carbon neutral and carbon negative strategies. The carbon-neutral state is attained when the amount of CO2 is the same as the amount being removed. Achieving a carbon-negative status means removing more carbon dioxide from the atmosphere than the amount being generated.
Achieving a carbon-negative status is the solution IPCC proposes. In a landmark agreement signed in Paris, governments were obliged to implement the necessary measures to fulfill the agreement. The agreement stipulated that countries need to implement countermeasures that will lower global temperatures by 1.5°C. If this target is attained, lowering global carbon emissions will be possible by the middle of the century.
However, meeting the above target will also require the lowering of other greenhouse gases. The time that is needed depends on the number of gases to be removed from the environment. Furthermore, the time taken will depend on whether the rise in temperatures will free the methane gas trapped in permafrost.
The latest studies indicate that approximately 17 billion tons of carbon dioxide need to be removed from the environment if the targets are to be met. Petroteq has come up with green technologies that make it possible to extract fossil fuels from the sand without destroying the environment. Removing oil from the soil makes it possible for vegetation to return.
The company will continue to pursue green methods of extracting oil from sand despite the academic and political debates involved. PQE has three goals, and one of them is to deal with greenhouse gases and their negative impact on the environment. The company seeks to achieve this by adopting technologies that lower greenhouse gas emissions.
The vision is also inspired by the fact that energy-producing companies like Petroteq are major stakeholders in dealing with the problems posed by climate change. The threat global warming poses on the environment requires oil and gas companies to recommit to fighting climate change.
PQE will utilize carbon-neutral approaches to attain the target PCCE sets. Most experts agree that global warming is a reality that shouldn’t be politicized. The current increase in global temperatures is called the greenhouse effect, caused by the accumulation of greenhouse gases in the environment.
Insufficient energy sources is another challenge PQE is trying to deal with by extracting oil from the sand. The provision of oil from sources that produce less pollution effectively meets energy needs while conserving the environment. Petroteq aims to achieve this goal by using green technologies that alleviate global warming and its negative effects.
