The Oil and Natural Gas Corporation Limited the first oil company from India who joined Zero Routine Flaring by 2030 Initiative .Which of the following statements are incorrect in regard to the statement given above:
A. Zero Routine Flaring by 2030 Initiative is the initiative of UNFCCC.
B. It is aimed at curbing routine gas flaring at oil production sites around the world by 2030.
Choose your answer from the following codes:
A only
Zero Routine Flaring by 2030 Initiative of the World Bank on the sidelines of Conference of Parties-21 (COP-21) of UNFCCC in Paris which is aimed at curbing routine gas flaring at oil production sites around the world by 2030.
Features of Zero Routine Flaring by 2030
1. It encourages oil companies to seek economically viable solutions to eliminate ongoing “legacy” flaring as soon as possible and no later than 2030.
2. It will end routine gas flaring that stops millions of tons of CO2 going into the atmosphere every year.
3. It will ensure that when oil fields are developed, plans include gas utilization solutions that do not involve routine flaring or venting.
4. The initiative, once successful, will contribute to improving the life of the people who live around gas flare sites.