Tortoise’s Rob Thummel in Reuters

Crossing state lines? Oil firms flare Texas gas as investors vent on climate

Across the Permian Basin’s high desert landscape, natural gas is going up in smoke even as oil majors including Exxon Mobil and BP pledge cuts in greenhouse gas emissions.

Flaring, the deliberate burning of unwanted polluting gas, is rife during oil production in the biggest U.S. shale field, and an acute problem in Texas, home to most of the Permian reservoir, which sprawls 86,000 square miles (220,000 km2) across two states.

Read more here: https://www.reuters.com/article/us-climate-change-flaring-analysis/crossing-state-lines-oil-firms-flare-texas-gas-as-investors-vent-on-climate-idUSKBN20Z23C

© Zito Partners 2011-2019. All rights reserved.