Flare capture offers easy wins
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. One modest, yet highly significant, contribution the oil and gas industry can make to almost immediately delivering material decarbonisation of production, improving the industry's social licence to operate and creating value is to stop wasting gas via flaring, venting and leakage. Of the three sources of wasted gas, flaring is the easiest to abate.
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