Russia, Nigeria absent as World Bank launches new flaring initiative
Issue 299
- 01 May 2015
| 3 minute read
The World Bank brought together nine countries, ten oil companies and six development institutions in Washington on 17 April to commit to ending routine gas flaring at oil production sites by 2030 at the latest. Participants in the Zero Routine Flaring by 2030 initiative will publicly report their flaring and progress towards the target on an annual basis, and will ban the burning off of gas at new oil field developments. Governments have committed to provide an operating environment conducive to investments and to the development of functioning energy markets.
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