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by lern_too_spel 1552 days ago
Oil extractors should be charged for the pollution they make. This will encourage them to build the infrastructure to collect the natural gas. https://www.energymonitor.ai/tech/cleaner-fuels/oil-industry...

Using it to make Bitcoin is only currently economically viable due to a combination of underregulation of oil extractors (reducing the cost of the pollution) and underregulation of cryptocurrencies (increasing the profit from mining), with both types of regulation being held back by Texas legislators.

1 comments

ND has passed legislation to incentivize flare mitigation (e.g. https://www.ndlegis.gov/assembly/67-2021/documents/21-0935-0...) that aims for the carrot rather than the stick, though I anticipate that at some point in the near future we will see more jurisdictions go for the stick.