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I used to only blame consumers, until I learned how inefficient oil production is and how much CO2 is emitted at the oilfield. Yes, some oil companies are burn
by akamaka 5y ago
I used to only blame consumers, until I learned how inefficient oil production is and how much CO2 is emitted at the oilfield. Yes, some oil companies are burning huge amounts of oil and methane before the product even reaches the end user. For decades, these companies have chosen against implementing process improvements, and the only way they will do anything is by penalizing them.
https://news.stanford.edu/2018/08/30/measuring-crude-oils-carbon-footprint/ https://news.stanford.edu/2018/08/30/measuring-crude-oils-ca...
- onlyrealcuzzo 5y agoHow is this different from literally any company, though? If it would be more profitable to be efficient, they would be. Where are these mythical giant companies that are foregoing profits and doing the right thing and not getting sued by shareholders?
- fisf 5y agoBecause they are creating negative externalities that are not priced.