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Global Gas Flaring and the Implications of Shale Oil Development

Companies producing shale oil frequently burn off large amounts of associated natural gas, claiming that high oil prices and low natural gas prices, coupled with a lack of pipeline and processing infrastructure, make the natural gas uneconomic to capture and get to market. This webinar is intended to provide investors with further information about this growing environmental risk and its solutions in preparation for potential dialogue with energy companies.

The technological advances that have led to large increases in domestic natural gas production - directional drilling and hydraulic fracturing in shale formations - are increasingly being applied to produce oil. Companies producing shale oil frequently burn off large amounts of associated natural gas, claiming that high oil prices and low natural gas prices, coupled with a lack of pipeline and processing infrastructure, make the natural gas uneconomic to capture and get to market.

On March 27, 2012, a group of 36 investors representing $500 billion in assets wrote to 21 oil and gas companies with shale oil operations, asking for information about how much they are flaring and their plans to reduce flaring. A number of responses have been received and are being assessed.

This webinar is intended to provide these investors and others who are interested with further information about this growing environmental risk and its solutions in preparation for potential dialogue with the companies. The 90 minute webinar includes presentations by two experts on the issue, followed by a discussion about next steps related to the March letter.

Presenters include:

  • Bent R. Svensson, Global Gas Flaring Program Manager, World Bank
  • Ryan Cwach, Environmental Law Fellow, Environmental Law & Policy Center


Download the PowerPoint presentations here:

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