Oil Firms Waste $40B per Year in Gas

Up to 170 billion cubic meters of natural gas is burned off by the world's oil producers every year with enormous economic and environmental costs

In spite of all the recent talk about climate change, the Kyoto Protocol and tight energy resources in Europe, the oil industry continues to burn huge volumes of natural gas that rises from oil deposits on land or under the sea. Over 20 countries have increased the practice of "flaring" in the last 12 years, and some burn far more gas on drilling platforms and in oil fields than they've admitted, officially, so far.

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