2013-07-31. US fracking industry 'wasting $1bn a year in gas flaring'.

posted Aug 6, 2013, 12:26 PM by Alan Gould

For GSS Energy Use chapter 3. Excerpt: New report calculates flaring of gas from North Dakota fracking industry leading to greenhouse gas emissions equivalent to putting one million cars on the road. ...The full scale of the gas flaring undertaken by the North Dakota fracking industry has been laid bare, after a new report suggested the practice resulted in approximately $1bn of gas being wasted last year. The new study from the Ceres group of sustainable investors draws on official figures from the North Dakota Industrial Commission and reveals that the state's oil and gas developers flared 29 per cent of the natural gas they produced during May 2013. The proportion of gas being flared has actually fallen from a peak of 36 per cent in September 2011, but the rapid expansion of the sector means that the total volume being flared is continuing to rise. ...resulting in greenhouse gas emissions equivalent to putting an additional one million cars on the road. "The US is now one of the top 10 flaring countries in the world, primarily due to the rapid growth of flaring in North Dakota," said Ryan Salmon, the report's lead author and manager of Ceres' oil and gas program, in a statement. "...Investors are looking for producers and regulators to take more aggressive action to prevent the loss of this valuable fuel.".... http://www.theguardian.com/environment/2013/jul/31/us-fracking-industry-gas-flaring. The Guardian.