Saturday 4th July 2020
Saturday, 4th of July 2020
Home / Agric & Biotech / Report exposes biotech big bet to prop up fossil fuels

Report exposes biotech big bet to prop up fossil fuels

At the upcoming Climate summit in Paris, some governments and much of civil society will be pushing for an urgent transition away from the carbon-rich fossil fuels responsible for climate chaos. However, one hi-tech sector, the multi-billion-dollar Synthetic Biology industry, is now actively tying its future to the very oil, coal and gas extraction it once claimed to be able to displace. That’s the conclusion of a new report released jointly on Tuesday from the ETC Group and Heinrich Böll Foundation.

Jim Thomas, Programme Director with ETC Group

Jim Thomas, Programme Director with ETC Group

Titled “Extreme Biotech meets Extreme Energy”, the report predicts that, as the extreme biotech industry and the extreme extraction industry move towards deeper collaboration, the biosafety risks and climate threats emanating from them will become ever more entangled.

Synthetic Biology (or Syn Bio) describes a set of new and emerging genetic engineering techniques and is also the name for a surging young industry that is designing and engineering life-forms from scratch for industrial purposes. The first round of synthetic biology companies sold themselves to investors on the promise of a ‘clean green’ industry that would replace fossil fuels with biofuels and bioplastics made from sugar and cellulose. However Syn Bio industry leaders are now retooling their companies explicitly in order to serve the petrochemical industry and to increase the value and flow of fossil minerals from the frackfields and oilfields to commercial markets.

Lili Fuhr of Heinrich Böll Foundation

Lili Fuhr of Heinrich Böll Foundation

“Only five years ago Syn Bio industry CEOs were posturing that they would bring about a sugar-based bioeconomy that would do away with dirty fossil fuels,” explains Jim Thomas, Programme Director with ETC Group. “Now those same CEOs are restructuring their operations to prop up the oil and gas majors and their green promises are melting along with the ice sheets.”

ALSO READ:  Bassey: Genetic engineering as threat to Nigeria's food security

“Climate activists, policymakers and the public should be concerned about this unholy alliance between the gene-jiggers and the oil riggers, between corporate bio-hackers and the gas-frackers,” said Lili Fuhr of Heinrich Böll Foundation, “The fossil fuel industry’s desperate quest for carbon profits keeps going deeper into riskier territory – now they are adding biosafety risks to the already long list of  extractive industry risks”.

The 24 page report – available online here http://www.etcgroup.org/content/extreme-biotech-meets-extreme-energy –  includes:

  • Details of a dozen private companies and a US Government Programme developing synthetically engineered “methanotroph” microbes that transform natural gas (methane) into fuels, chemicals and foods, using techniques such as “gaseous fermentation”.
  • Analysis of fossil industry agendas to use Syn Bio to capture so-called “stranded gas” that would increase recoverable gas reserves by 40-60% and may drive up the market value of fracked and captured gas.
  • Analysis of how synthetic biology-based proposals to pump engineered microbes into oil, coal and gas fields – known as “Microbial Enhanced Hydrocarbon Recovery” (MEHR) – could increase available oil reserves by up to 150% thereby massively increasing climate risks.
  • Details of private companies and public research on releasing Syn Bio Microbes for mining metals and minerals.
ALSO READ:  On Monsanto’s claims that GMOs are safe

“At next week’s climate negotiations in Paris the oil and gas industry will attempt to secure political support for turning ‘stranded‘ gas into liquid fuels even though that may in fact increase climate risks.” warned Silvia Ribeiro, ETC Group’s Latin American Director, en route to Paris, “They will dress up this use of  engineered microbes  as ‘Carbon Capture Use and Storage’ (CCUS) – a false solution and a dangerous distraction”.

x

Check Also

G20 Osaka 2019

G20 govts accused of bankrolling fossil fuel industry with $77bn yearly

A new report released by Friends of the Earth U.S. and Oil Change International reveals G20 countries have provided ...

Live Updates COVID-19 CASES
%d bloggers like this: