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US fracking industry 'wasting $1bn a year in gas flaring'

2013-07-31 17:16:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The full scale of the gas flaring undertaken by the North Dakota fracking industry has been laid bare, after a new report suggested the practice resulted in approximately $1bn of gas being wasted last year. The new study from the Ceres group of sustainable investors draws on official figures from the North Dakota Industrial Commission and reveals that the state's oil and gas developers flared 29 per cent of the natural gas they produced during May 2013. The proportion of gas being flared has actually...

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