BP Plans $1.3 Billion Gas Collection System To Eliminate Flaring

Supermajor BP plans to invest $1.3 billion on constructing a system that would capture and collect natural gas released during oil production in the Permian to eliminate the highly controversial practice of flaring, the Wall Street Journal reports, adding that the company could announce an end to flaring by 2025. “We will be producing oil and gas for decades, but it will be a certain kind of oil and gas,” the Journal quoted Dave Lawler, chairman of BP America, as saying. “It’s a highly profitable barrel and it’s a…