Comments
FuturologyBot t1_j9x0j9m wrote
The following submission statement was provided by /u/WalkingTalker:
The report says the industry just needs to pay 3% of its income to reduce methane leaks by 75% and that the yearly methane leaks are equivalent to Russia's entire methane production. Since methane is 80x more potent greenhouse gas than CO2 it's a very cheap climate solution.
Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/11baycb/the_ieas_global_methane_tracker_shows_the_oil_and/j9wxcas/
Surur t1_j9y7yte wrote
Sounds like a pressure group and public shaming needs to start, especially because leaks can be externally and independently verified by satellite.
OriginalCompetitive t1_j9ykvef wrote
The average profit margin of oil and gas companies over time is 4.7%, so taking 3% isn’t a workable solution.
UniversalMomentum t1_j9yww4b wrote
They are stupid/greedy to do that, they'd rather just smoke em they got em.
MT_Kinetic_Mountain t1_j9z7124 wrote
"A fraction? Oh dear lord, no. That's simply far too much"
No-Owl9201 t1_ja1hzqy wrote
Methane emissions are a serious driver of Climate Change and fast action on this issue is critical to avoiding the mounting costs of Climate Change..
WalkingTalker OP t1_j9wxcas wrote
The report says the industry just needs to pay 3% of its income to reduce methane leaks by 75% and that the yearly methane leaks are equivalent to Russia's entire methane production. Since methane is 80x more potent greenhouse gas than CO2 it's a very cheap climate solution.