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When drilling for oil some Methane gas leaks out. Methane gas is an 80x more powerful greenhouse gas than CO2. To prevent this leaking oil company’s “flare” th
by janandonly 5y ago
When drilling for oil some Methane gas leaks out. Methane gas is an 80x more powerful greenhouse gas than CO2.
To prevent this leaking oil company’s “flare” the gas. That mens they put it on fire. Why not bottle up and sell the gas? or put it in a pipeline and sell far away? Because it is not economically feasible to do so.
So they flare or burn it. Problem is, flaring only burns about 85% of all methane. The other 15% still leaks into the atmosphere. This is a huge factor in global heating.
Now, instead of burning or flaring off this gas, it is put into an expensive turbine that burns ~100% of the methane.
How can the company afford this costly turbine? The electricity is used in bitcoin mining, which pays back this investment and then some.
Bitcoin to the rescue of the climate. Who could’ve thought.
- janandonly 5y agoSee also: https://www.forbes.com/sites/martinrivers/2022/04/03/is-bitcoin-really-that-bad-for-the-environment/ https://www.forbes.com/sites/martinrivers/2022/04/03/is-bitc...