Utilities accelerate net-zero targets as cracks appear in gas' role as bridge fuel

摘要

Cracks are starting to show in utility support for using natural gas as a bridge fuel to a low-carbon future. Many utilities think that future must arrive much sooner, and they are considering how to bypass the bridge altogether, which could lead to even more near-term downward price pressure on natural gas. Some signs that the narrative is shifting include a recently canceled major gas pipeline project and a raft of utilities setting netzero emissions targets amid changing customer preferences, new state mandates, and investor concerns that the recent glut of gas generation and pipeline investments could result in stranded assets.