Vanguard (Lagos)
25 November 2008
CONCRETE steps to stem gas flaring by oil majors in the country were taken by the Senate yesterday as a public hearing on the Gas Flaring (Prohibition and Punishment) Bill commenced.
[ See Article ]
And the "former fine of $4 per cubic feet of gas flared"? Please clarify!
Is this article meant to read that there will be a $3.5 penalty for every million cubic feet of gas flared?
I have a report from 2005 (a little dated) that carbon credits will be worth $11/t CO2e.
I am not sure of the conversion but the numbers in this article do not seem to match up. Can someone help with this?