Oil and gas production generates so much excess methane, it’s cheaper to set it on fire in a process called flaring than it is to capture it for sale or storage.

Just in the U.S., producers flare so much gas that astronauts aboard the International Space Station can identify oil fields 254 miles below in North Dakota and Texas.

Presumably, they can also see Antarctica’s Thwaite Glacier — it’s about the size of Florida, but it’s shrinking because greenhouse gases like methane trap heat in the atmosphere that warms our oceans.

Cleantech 1.0 was a short-lived boom, but it gave entrepreneurs a better understanding of climate tech, which in turn, has fostered more confidence among investors: 2021 saw a 400% YoY increase in round sizes for startups in this sector.

Source : techcrunch

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