The future of Big Oil flaring in the Permian Basin and the climate challenge

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Australia Australia Headlines News

Australia Australia Latest News,Australia Australia Headlines

Many oil companies have signed onto a World Bank pledge to stop routine flaring by 2030. Climate experts say US energy companies need a more ambitious goal.

on flaring stated, "If most associated gas goes to sales, the dilemma about how to manage it becomes largely moot."

There are onsite solutions that could become scalable. Some alternatives include building pipelines to pump gas back into businesses for heat and electricity, or the implementation of vapor recovery units which can collect vapors and reduce emissions. Flaring is currently legal, meaning regulatory policies that encourage using gas for other purposes are required. Some states are making progress. New Mexico recently began debating a bill to manage flaring and venting, while advocacy groups and legislatures in Texas are, one of which would put a 25% tax on gas vented or flared while extracting oil.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

$mdmp

Check out my Gig on Fiverr: I will make 3d animated logo intro video

मिलकर सब आवाज़ उठाओ बिके संस्थान वापस कराओ राजी से अगर ना माने तो सत्ता से दीमक को हटाओ जनता बचाओ देश बचाओ उठो जवानो होश मे आओ

....shut the lights out when your done!

how did you like what Texas went through? If we stop fracking then we will all be like that

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines