Toby Rice, CEO of natural gas producer EQT, on how he weighs different energy sources against each other. He frames his company's commitment as being to whatever energy is cheapest, most reliable, and cleanest — not to gas specifically.
…here in America, these are solutions that we can bring to other parts of the world. Now, let's make sure we realize full potential of our resources here in the U.S. before we start thinking about going to other places. A lot of these issues are self-inflicted from an energy security perspective.
…with AI, maybe we could have a better solution for sustainable aviation fuel. Like when you look out over the landscape, do you still feel like all these things are marginal or you feel like countries are going to double down now because they want something that they control inside their border?
Yeah, I think a couple of things. You know, people need to understand, you know, I don't have an infatuation with natural gas. I have an infatuation with energy. And we're going to produce the energy that's the cheapest, most reliable, cleanest. It is an example that, you know, the brothers, you know, we had a, we got into the renewable natural gas business and we created alongside the management team, you know, one of the largest renewable natural gas businesses in this country. And we sold it to BP, whose company was called Arkea.
Which they're selling it, by the way, this week. They're now selling it again. But anyway, go ahead.
Yeah. So this is an amazing thing. When we talk to utilities and they say, what's your energy plans? They say, well, we're going to do renewable natural gas. We're going to lean in on that. Well, what you need to understand is the scalability of these solutions. Amy, if we captured every molecule…
That is very interesting. How far away is actual commercial deployment of carbon capture for you in that way? I mean, you were talking about the problems in terms of securing streams of pure enough CO2 to make that viable for you. Is that still going to be somewhere in the future or is that a…