It also says energy infrastructure along the coast is at risk from rising sea levels, increasing intensity of storms, and higher storm surge and flooding, potentially disrupting oil and gas production, refining, and distribution, as well as electricity generation and distribution.
Other risks to the industry from climate change include the impact on fuel transportation and the availability of renewable energy sources, the report says.
“Increasing temperatures, decreasing water availability, more intense storm events, and sea level rise will each independently, and in some cases in combination, affect the ability of the United States to produce and transmit electricity from fossil, nuclear, and existing and emerging renewable energy sources,” the report says. “These changes are also projected to affect the nation’s demand for energy and its ability to access, produce, and distribute oil and natural gas.”
Texas is among the states cited as examples in the report where the impact of climate change has been felt by the energy industry.
A year later, the report noted, amid extreme drought conditions some companies that extract natural gas and oil via hydraulic fracturing faced higher water costs or were denied access to water for six weeks or more in several states, including Texas.
Veteran newsman currently covering energy for The Houston Chronicle. Spent 12 years at The Associated Press covering energy, airlines, general business news, legal affairs, politics and state and federal government issues. Won or shared numerous awards and award nominations for coverage of the Gulf oil spill, Delta Air Lines, the Atlanta courthouse shootings and the murders of two Dartmouth College professors. Prior to AP, worked at two daily newspapers in the Boston area.