Gas a bridge to nowhere
The fuel without a CCUS solution is reaching a “dead end” in the energy transition debate, warns the head of a bonds market non-profit
The role of gas as a transitional fuel is increasingly under question as pressure to reach Paris Agreement targets mounts, with projects that do not envisage any type of CO2 sequestration looking increasingly like a “dead end not a bridge” to the low-carbon future, Sean Kidney, CEO of the Climate Bonds Initiative (CBI) tells Petroleum Economist. “The window to do gas unabated has closed” says Kidney, on the sidelines of a climate change financing event organised by the European Bank for Reconstruction and Development (EBRD). “We thought we could use gas as a transitional fuel, but remember that, if we build a gas-fired power plant, it has a 15-year lifespan, probably longer for all the othe
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
