Egypt signs WB’s zero routine flaring initiative

Egypt announced on Thursday it will sign on the “Zero Routine Flaring by 2030” initiative, the European Bank for Reconstruction and Development (EBRD) announced over the weekend. The initiative, introduced by the World Bank in 2015, “brings together governments, oil companies and development institutions who recognise that flaring is unsustainable from a resource-management and environmental perspective, and who agree to cooperate to eliminate routine flaring by no later than 2030.”