Oil And Gas Firms Failed To Cut Back On Flaring In 2022
March 3, 2023
Despite bold promises from several oil and gas firms, many failed to reduce their natural gas flaring in 2022. With increasing pressure from environmental organisations and governments to reduce carbon emissions, will 2023 be any better? The International Energy Agency (IEA) has been clear in its warnings about how gas flaring will affect climate change if not curbed quickly, as well as the negative impact of methane from flared gas on people’s health. While some companies, such as Exxon, are leading the way in reducing their gas flaring from oil operations, stricter regulations are needed if the U.S. hopes to meet its climate targets.
