Zero Routine Flaring by 2030 (The World Bank)
Governments, oil companies, and development institutions around the world are encouraged to endorse the “Zero Routine Flaring by 2030” Initiative.
During oil production, associated gas is produced from the reservoir together with the oil. Much of this gas is utilized or conserved because governments and oil companies have made substantial investments to capture it; nevertheless, some of it is flared because of technical, regulatory, or economic constraints. As a result, thousands of gas flares at oil production sites around the globe burn approximately 140 billion cubic meters of natural gas annually, causing more than 300 million tons of CO2 to be emitted to the atmosphere. <More>