Monday, October 10, 2011

Gas flaring: Why IOCs should emulate PAN Ocean .

Business Day
6 October 2011

 .-Although the significance of the gas project goes beyond the supply of gas for electricity generation in the country, efforts of Pan Ocean Oil Corporation in the global fight to stop the release of harmful gas to the ecosystem have, no doubt, exposed the insincerity of the International Oil Companies (IOCs) to check environmental pollution in the Niger Delta.

With this feat, the company has become the first in sub-Saharan Africa to be awarded carbon credit by a United Nations body to the tune of $1.10 million for the first three months of auditing by the global body.

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