FlareIntel’s October gas flaring newsletter
FlareIntel hits the BBC!
This week our CEO Mark Davis featured on the BBC’s podcast “The Climate Question” alongside Bjørn Otto Sverdrup the chair of the Oil and Gas Climate Initiative. The episode, titled “why can’t we stop gas flaring?“, explored the key issues around gas flaring and offered some practical ways to reduce emissions.
Our new home launches
Our new website www.flareintel.com is now live! The site is an easily accessible, one-stop location for all data, news and insights related to flaring. Here, you can also subscribe to our free, open-access tool FlareIntel and find out more about our advanced tool FlareIntel Pro.
In other news
In our latest insights article “how a future EU CBAM might impact energy imports from countries that flare gas“, we highlight how (despite the EU’s excellent climate leadership), the oil imported into the EU has embedded flaring emissions 40% higher than the global average. This is important as consumers like you and I are increasingly becoming aware of the quality of the products we consume. We also outline in our paper how funds raised from a future carbon border price (which could be up to EUR 3 billion per year) could be repurposed to drive real on-the-ground flare abatement.
Great to see that the OGCI member companies’ strategy update not only (re)commits to zero routine flaring for their operated assets, but also commits to use their influence to deliver the same results for non-operated assets. To date, this has been a bit of a blind spot (see our article on ESG metrics) and so is an important build that will help to dramatically lower emissions and help struggling economies. We have more weekly industry news here.
FlareIntel has also been the feature of a piece in Natural Gas World. We explore how gas flaring is a significant source of economic and environmental waste and demonstrate how by reducing flaring, we can reduce emissions, create value and accelerate the energy transition.