Mexico’s Pemex increased gas flaring at top field, despite pledge to stop

EnergyEnvironment

Reuters exclusively discovered that gas flaring from the vast Ixachi field in Veracruz state not only continued, it increased after Pemex promised to stop burning natural gas from the Southeast Mexican field amid mounting pressure to improve its poor environmental record.

Market Impact

Flaring not only emits harmful greenhouse gases that contribute to climate change, it wastes a valuable resource that could help reduce costly imports from the United States. Although Pemex’s production is around half its level of 20 years ago, it remains by far the largest contributor to state coffers in a country where millions live in poverty.