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Keyoxide: aspe:keyoxide.org:NGBHBM6PIKZC2Q7CP7RXLKNNQM

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Joined 1 year ago
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Cake day: June 20th, 2023

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  • So they’re not addressing the root cause, just reducing a biproduct of drilling in 8 years, if that even happens (see: Paris Agreement). As evident by the oil spills, monitoring is useless to these oil companies who are never held accountable. Yet another bare-minimum action marketed with the claim: “without an iota of hype, this compact is the biggest thing that will reduce temperatures on the planet in decades".

    The rule will crack down on methane leaks from industry in several ways. In a major new development, it will end routine flaring of the natural gas that is a byproduct of drilling oil wells and will phase in a requirement for that gas to be captured instead of burned. The rule will also require stringent leak monitoring of oil and gas wells and compressors, and cut down on leaks from equipment like pumps, storage tanks and controllers.

    It will also rely on independent, third-party monitoring – using satellites and other remote-sensing technology – to find very large methane leaks.

    Recent studies from the EDF suggest oil and gas operations worldwide have a methane intensity of around 2 to 3% – this is roughly how much methane gas is released during drilling, venting or flaring, or in pipeline and compressor leaks. The companies are committing to cutting that methane intensity percentage to 0.2% by 2030.

    Others were critical of the announcement as not being ambitious enough. Murray Worthy, a senior oil and gas researcher at Zero Carbon Analytics, noted that it doesn’t go further than commitments from previous years, and that “industry has yet to deliver” on those promises.

    “Most importantly it doesn’t require companies to deal with the main cause of emissions from fossil fuels, which is burning them,” Worthy said in a statement.