28 Sep '13, 12am

N.D. Oil Industry Flares Off $1B Worth of Natural Gas…But Balks at Investments in Renewable Fuels |

N.D. Oil Industry Flares Off $1B Worth of Natural Gas…But Balks at Investments in Renewable Fuels |

Posted on: August 29, 2013 in Energy , Environment , Oil As it turns out, the oil and gas industry really does have “money to burn.” According to a recent study , government data show that nearly 30% of the natural gas extracted as a byproduct of fracking for oil in North Dakota is being burned off, or “flared.” That’s right, three out of every 10 cubic feet of natural gas extracted in North Dakota ends up being burned at the wellhead and released into the atmosphere. The study, released by Ceres in July, concludes that the practice of flaring in North Dakota “…is environmentally damaging, economically wasteful and a potential threat to the industry’s long-term license to operate.” No kidding? The report estimated natural gas flaring in North Dakota emitted 4.5 million metric tons of carbon dioxide (CO2 ) in 2012, which is equivalent to the annual emissions of approximatel...

Full article: http://www.ethanolrfa.org/exchange/entry/n.d.-oil-industr...

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