Global Gas Flaring Surges to 17-Year High

Despite big promises by oil majors to reduce gas flaring, the practice continues to be a major issue, contributing to high levels of greenhouse gas emissions. The International Energy Agency (IEA) and several state governments are aiming to achieve a global green transition, but decarbonising certain sectors, such as the oil industry, is proving extremely difficult. If gas flaring continues to take place, it could compromise the acceleration to green. Gas flaring is the burning of the natural gas associated with oil extraction. The practice has…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com