Business Maverick: Thirty companies emit nearly half the energy sector’s methane

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Just 30 fossil fuel companies account for nearly half of the planet-warming methane emitted by the world’s energy sector, according to a new analysis by Global Energy Monitor.

They include state-owned oil firms, publicly-listed energy majors and big coal producers, with National Iranian Oil Co, Russia’s Gazprom and China Energy Investment ranked as the top three emitters.

Methane is the primary component of natural gas but can also be generated during oil and coal production. It has more than 80 times the warming power of carbon dioxide during its first two decades in the atmosphere and is responsible for around 30% of the global rise in temperatures since the industrial revolution.

“There are vast differences between countries in how much methane they emit for each unit of oil and gas they extract. This shows that these emissions are avoidable,”

 

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What a load of bollocks

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