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Photo: Spencer Platt/Getty Images)

The World Bank is out with new data on global amounts of natural gas burned at oil production sites, revealing it's still a big problem despite a decline last year alongside the drop in crude output.

Why it matters: Flaring is a source of greenhouse gas emissions and wastes gas that if captured could be used for energy.

  • Flaring last year declined to 142 billion cubic meters (bcm), compared to 150 bcm in 2019.
  • "Nonetheless, the world still flared enough gas to power sub-Saharan Africa," the bank said in a summary of the analysis.

Where it stands: Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria are the largest gas-flaring countries, per the report.

The U.S. accounted for 70% of last year's flaring decline, owing to the oil output drop "combined with new infrastructure to use gas that would otherwise be flared."

Go deeper

CDC says fully vaccinated people don't have to wear masks indoors

CDC Director Rochelle Walensky. Photo: Erin Clark-Pool/Getty Images

The CDC announced in new guidance Thursday that anyone who is fully vaccinated can participate in indoor and outdoor activities without wearing a mask or physically distancing, regardless of crowd size.

What they're saying: "If you are fully vaccinated, you are protected, and you can start doing the things that you stopped doing because of the pandemic," CDC Director Rochelle Walensky will say at a White House press briefing.

Colonial Pipeline reportedly paid hackers nearly $5 million in ransom

Photo: Logan Cyrus/AFP via Getty Images

Colonial Pipeline paid hackers linked to the DarkSide cybercrime group nearly $5 million in cryptocurrency after last week's ransomware attack, Bloomberg first reported and the New York Times confirmed.

Why it matters: The breach of the largest refined fuels pipeline in the U.S. triggered new concerns about the vulnerability of the country's increasingly digitized energy systems.

Biden warns gas stations not to price gouge: "That's not who we are"

Photo: Drew Angerer/Getty Images

President Biden on Thursday warned gas companies to not price gouge amid major shortages following the Colonial Pipeline cyberattack.

The big picture: Biden added that the FBI does not believe the Russian government is behind the attack, but they do know that those responsible "are living in Russia."