U.S. oil production remains about 2 million bpd lower than its pre-pandemic levels. Still, methane emissions are already back to their levels from before the coronavirus. Worrying as this is in itself, it could also threaten energy companies’ long-term growth prospects because investors’ priorities are changing.
What investors want from oil and gas now is not just stable returns but a lower carbon—and methane—footprint. The Financial Times reported recently, citing data from the Environmental Defense Fund, that methane emissions…Soaring Methane Emissions Suggest U.S. Oil Production Is Bouncing Back
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