Exxon Mobil Corp said it has stopped routine flaring of natural gas from production in the top U.S. shale basin and will press for stronger regulations for rivals to do the same, company officials said in an interview.
Exxon seeks tougher regulations to 'level the playing field'said it has stopped routine flaring of natural gas from production in the top U.S. shale basin and will press for stronger regulations for rivals to do the same, company officials said in an interview.
Exxon counters that focusing on methane, which can be up to 80 times more potent a greenhouse gas than carbon dioxide, is a better route to slowing climate change. Some changes to its production in the Permian have been minor, such as adding a small compressor to push natural gas to a pipeline. Those costs are more than offset by the value of the gas sold, Scott said.
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