Today, the Petroleum Economist published an opinion piece co-authored by Professor Morgan Bazilian (Director, Payne Institute). The article (click to read it in full) discusses how reducing gas flaring can both accelerate progress to net-zero and offer a swift boost to industry credibility.
Increasing commitments to a ‘net-zero’ society—be it by 2050, 2060 or a sooner or later date—pose both a generational challenge and an existential threat to oil and gas producers. There will be no more ‘business as usual’, but firms must also deliver more in environmental terms while grappling with reductions in their size and access to capital.
Countries such as Norway and Saudi Arabia, which combine effective regulation and stringent enforcement, set a precedent for what is possible. Flare capture projects can reduce emissions, create value and accelerate the energy transition. There is a limited window of opportunity to make these ESG-compliant projects happen, and now is the time to act.
List of interesting articles authored by Capterio:
- How to fix flaring: insights from Capterio’s globla Flare Perception Survey
- We must minimise flaring gas near existing pipelines
- Tackling flaring: Lessons from the North Sea
- Why flare capture projects make sound ESG investments
- New Flaring Data Accelerates Global Call To Action
- Flaring in MENA: The Multi-Billion Dollar Decarbonisation Lever, co-authored with Chatham House
- Agile And Specialist: The Right Approach To Flare Capture
- Post-COVID: Flaring Helps Deliver The Energy Transition
- Risk-Free, Low Cost, Low Emission Barrels
- How Flaring Helps Deliver Paris
- Flaring’s Billion Tonne Secret: Methane
- Why Europe Needs Low Carbon Gas