Submitted by cartoonzi t3_yvcd2d in Futurology
The following submission statement was provided by /u/cartoonzi:
From the article:
"Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws to rein in emissions in the fossil fuel energy sector.
The announcements came as the United States on Friday said it would expand its own rules to require oil and gas drillers to find and fix leaks of methane at all of the country's well sites.
Canada said its new rules would target a 75% cut in methane emissions from the oil and gas sector by 2030, including through a proposed monthly requirement for oil and gas companies to find and fix methane leaks in their infrastructure.
Nigeria, among the world's top 10 methane emitters, announced new rules for how to reduce emissions in its oil and gas industry. They include requirements for leak detection and repair, limits to flaring and controls on venting equipment."
​
I'm really glad to see more attention and enforcement on cutting methane emissions. Because methane warms the planet more than CO2 in the short term, reducing those emissions can help achieve the short-term emission goals we need to achieve by 2030 and by 2050. Obviously, we still need to cut CO2 emissions as well and this shouldn't be seen as an alternative. But this will have a significant impact in the short term once more countries impose similar laws and regulations.
Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/yvcd2d/canada_and_nigeria_target_oil_and_gas_methane/iwdir0h/
Well the population is falling soon so.. i know people will downvote me for this but imagine if the planet was going into a ice age and we inadvertently didn't by what we do to increase the temp lol... don't tell any q anon people they might make a conspiracy
Canada can go a step better and cut all oil and gas subsidies. We give them a minimum of $5 billion a year in subsidies directly, and this doesn't count all the oil and gas wells that get abandoned that the government is forced to clean up. They currently owe towns over a quarter of a billion in taxes while making record profits.
It's time for the hammer to come down on them. HARD.
Surprised from an African country. When I worked off Angola, I called an FPSO to tell them they were leaking oil. Streak for miles. Buddy replies on the radio. "NOPE, NOT US" that was that.
I'm honestly surprised
>and this doesn't count all the oil and gas wells that get abandoned that the government is forced to clean up. They currently owe towns over a quarter of a billion in taxes while making record profits.
These aren't the major companies. Its delinquent companies. It's hard to come after companies that don't exist anymore
You mean companies that were bought out by other shell companies, to hide their ownership.
Oil and gas have done so much damage to the planet, that all subsidies for them should have ended when their lies were made public, and yet here we are with people defending them.
Well when you talk out of emotion and not facts or reality its hard to take you serious
We get a notice that they will be blowing down high pressure pipelines for 4 hours straight for mainenance twice a year. That wasted gas would keep me ( and a few neighbors) warm for many many years.
The population globally isn’t falling super soon; it will reach 10 billion about 100 years from now and will likely recede from there.
It's a well known fact that these are all shell companies of shell companies. Our government has sat on the Panama Papers for how many years, and have refused to do anything. They know who these companies are to send them their royalty cheques, just not who they are to get their tax money. The totals owed went from $170+ million in 2021 to $253 million in 2022.
If I was talking out of emotion, I'd be dropping F bombs like Covid did Trump followers.
So how will it be enforced. Because alot of stuff here in Canada is not enforced well.
Nigeria is riddles with corruption, For (a small) example, the DPR (Department of Petroleum Resources) is devastated by corruption. At the end of 2006, for example, its Director was dismissed because he was involved in shady deals and contracts that were never fulfilled, a case which coincided with the discovery of $ 20 billion missing in the NNPC’s accounts.
Physical theft of oil is widespread, contracts are awarded on the basis of bribes and this has led to the paradox that the more crude oil and gas Nigeria sold, the less money it earned. In 2006, the domestic EFCC (Economic and Financial Crimes Commission) estimated that the federal government may have stolen or wasted more than $ 380 billion in total since independence.
And this is the shining light that will reduce emissions? Laughable.
cartoonzi OP t1_iwdir0h wrote
From the article:
"Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws to rein in emissions in the fossil fuel energy sector.
The announcements came as the United States on Friday said it would expand its own rules to require oil and gas drillers to find and fix leaks of methane at all of the country's well sites.
Canada said its new rules would target a 75% cut in methane emissions from the oil and gas sector by 2030, including through a proposed monthly requirement for oil and gas companies to find and fix methane leaks in their infrastructure.
Nigeria, among the world's top 10 methane emitters, announced new rules for how to reduce emissions in its oil and gas industry. They include requirements for leak detection and repair, limits to flaring and controls on venting equipment."
​
I'm really glad to see more attention and enforcement on cutting methane emissions. Because methane warms the planet more than CO2 in the short term, reducing those emissions can help achieve the short-term emission goals we need to achieve by 2030 and by 2050. Obviously, we still need to cut CO2 emissions as well and this shouldn't be seen as an alternative. But this will have a significant impact in the short term once more countries impose similar laws and regulations.