Businesses within the oil and gas industries waste the same volume of methane it would take to provide over 700,000 UK homes with energy, according to Green Alliance.
Dustin Benton from Green Alliance said that "the government should force these companies to capture the methane they're currently wasting."
“Businesses within the oil and gas industries waste the same volume of methane it would take to provide over 700,000 UK homes with energy“
An employee from Edinburgh University, Professor Dave Reay, explained that "the big attraction for reducing methane is you get a big bang for your buck very quickly in terms of tackling climate change."
The International Energy Agency (IEA) estimated in October of last year, businesses in these two sectors could eliminate 45% of worldwide methane emissions without incurring any net costs.
Green Alliance has also stated that in theory, since gas prices have increased due to the war between Russia and Ukraine, it should be financially advantageous to catch and utilise practically all of the wasted resource.
Mr Benton revealed that the organisation "estimate that around 750,000 homes could be heated this winter if we stopped flaring and instead piped that gas into people’s homes. In terms of leakage it's a bit more unclear but we think it’s between 100,000 and 150,000 homes that is just being lost into the atmosphere."
However, the UK administration and fossil fuel industry claim that it is not as easy as that.
Member of UK Onshore Oil and Gas, Charles McAllister from explained that "some of these facilities are quite old. To repurpose them to capture” these “volumes of methane is not economically viable."
According to campaign manager of Clean Air Task Force, James Turrito "The technology exists to capture the gas that's being vented and emitted from the various equipment that we see on this site. This is absolutely avoidable."
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