Sure, but this is one of those arguments that only works well in theory. Oil and gas companies are usually distinct from the utilities (regulated monopolies) t

Sure, but this is one of those arguments that only works well in theory. Oil and gas companies are usually distinct from the utilities (regulated monopolies) that provide electricity. If you want the O&G companies to subsidize the local populations energy, it makes more sense for them to do so with their existing infrastructure rather than forcing them to use some inefficient process. It will be cheaper for all involved. The better solution is to just price the externality with regulation.