RE: Good time ending?14 Jul 2022 11:04
The Cop 26 cost a huge amount of public money yet it seems to have been little more than expensive "Jolly" for the worlds political elite and pro fossil fuel lobbyist which has achieved very little if anything other than kicking the can down the road for a bit longer!
That said, and in view of the present unprecedented huge increase in energy prices and its detrimental effect on the cost of living I write to bring to your attention the worldwide continued pollution of our planets atmosphere by the unnecessary oil rig flaring of a very precious natural resource "Gas".
Our present government is failing to tackle an obvious ongoing unnecessary pollution of our planet by the wasting (Flaring) of a precious natural resource!
Worldwide 4% of natural gas is flared annually , that is enough to supply the UK & Germany for a year!
The estimated cost of wasted natural gas of $30 billion in the BBC saving the Planet broadcast was prior to the huge increases in wholesale spot prices so the wastage now may well be $50- $ 60 billion or even more!
If the environment damage caused by this gas flaring were not bad enough to bring about some sense of urgency amongst our political leaders to bring in legislation to compel Oil/Energy producers to start saving this valuable natural resource, then surely the present Ukraine crisis and the huge increase in energy prices has now made it imperative to take some immediate action to stop oil rig gas flaring and instead to capture the natural gas?
10 Oct 2021 BBC World Service
There are thought to be over 10,000 gas flares around the world that contribute to global warming by emitting tonnes of carbon dioxide and methane. Flared gas is a by-product of oil extraction and is frequently used as a method of eliminating unwanted gasses in countries such as Albania, Algeria, Libya, Iraq, Russia and Nigeria. Yet, year after year deadlines set to stop the practice are missed. The oil industry says better infrastructure is needed to stop flaring and some of the world’s largest producers of oil have committed to ending flaring by 2030. What will it take for that to happen? Presenters Neal Razzell and Kate Lamble are joined by: Bjørn Otto Sverdrup, chair, Oil and Gas Climate Initiative Mark Davis, CEO of Capterio. Sharon Wilson, senior field advocate, Earthworks
The Climate Question - Why can't we stop gas flaring? - BBC Sounds
https://www.bbc.co.uk/sounds/play/w3ct2dr4
Gas Flaring Leaves Money on the Table
Every year, 150 billion cubic metres of gas is burned off globally into the atmosphere through gas flaring.
To put it in context, the amount of gas flared is equivalent to the gas consumption of two of Europe’s largest markets – Germany and the United Kingdom.
At a time of low oil and gas prices, National Oil Companies, as the custodians of their countries’ natural resources, can extract value from flared gas and help bolster government revenues.
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