Thousands of gas flares at oil production sites around the globe wastefully burn billions of cubic meters of natural gas annually, causing millions of tons of CO2 to be emitted to the atmosphere. Flaring of gas contributes to climate change and impacts the environment through emission of CO2, black carbon, and other pollutants. It also wastes a valuable energy resource that could be used to advance the sustainable development of producing countries.
The World Bank Group and numerous governments, industry, and development partners are launching a global Initiative aimed at accelerating the elimination of routine flaring at oil production sites around the world.
- Jim Yong Kim, President, World Bank Group
- Ban Ki-moon, Secretary-General, United Nations
- Børge Brende, Minister of Foreign Affairs, Norway
- Ben van Beurden, CEO, Royal Dutch Shell
- Eldar Sætre, President and CEO, Statoil
- Jérôme Schmitt, Executive Vice President, Sustainable Development, TOTAL
- Anita Marangoly George, Senior Director, Energy & Extractives Global Practice, World Bank Group
Last Updated: Apr 08, 2015