In the last decade, our country has secured greater energy security by diversifying our energy portfolio into renewables and energy efficiency as we continue to develop our domestic natural resources, including our oil and gas reserves, across our public lands.
These publicly owned resources help power our day-to-day lives, including fueling our cars and heating our homes. But for years, oil and gas companies have been wasting finite natural gas to the tune of $330 million dollars each year; with every bit that’s vented, flared and leaked, our energy security is slowly weakened and our standing on the world stage diminishes.
When that natural gas is wasted, taxpayers lose out on tens of millions of dollars in royalty revenue every single year.
And methane, the primary component of natural gas, is 80 times more powerful than carbon dioxide as a climate-change pollutant. Wasting energy and threatening our climate when there are alternatives makes no sense.