World Bank Urges Nations to End ‘Wasteful’ Gas Flaring
Figures show gas flaring among major oil countries contributes as much to climate change as a major economy like Italy.
While flaring has been cut by 30% since 2005, $50bn worth of gas is still wasted annually, the World Bank said on Wednesday.
New satellite analysis of the flares – that are a by-product of oil drilling and which commonly light the night skies in oil fields around the world – suggests that bans and fines in some countries and the introduction of technology in newer oil fields has significantly reduced the pollution and waste in some countries, but has failed in others.
To keep reading, click here.