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An image of Earth by night as seen by the Suomi NPP satellite in 2012. Photo: NASA Earth Observatory

A new project uses satellite data to track the flares from companies burning off excess natural gas.

Why it matters: Flaring releases carbon dioxide and some methane into the atmosphere, contributing to global warming and making it essential for regulators to keep close tabs on the activity.

What's happening: The project — called Flaring Monitor — is able to pinpoint companies that are flaring at any given time and track them against self-reported flaring data given to state regulatory agencies.

  • The tool could be particularly useful because it's able to tie flaring to specific companies, Robert Kendall, the co-founder of Bazean, the company behind the project, told Axios.
  • The project makes use of imagery from Planet and data from the VIIRS instrument on NASA's Suomi NPP satellite, which helps spot tiny hotspots due to flaring as well as larger ones, such as from wildfires worldwide.

Details: Flaring Monitor has already found that Shell appears to be doing better on flaring than some other large energy companies.

  • "Shell is clearly making different corporate-level decisions that are resulting in these metrics looking different," Kendall said.
  • Many smaller companies are involved in oil and gas drilling in North Dakota, Texas, Pennsylvania and other states, and Flaring Monitor could allow for better monitoring of them as well.

The big picture: Kendall envisions a future in which companies that have a lower carbon intensity for their commodities could have a premium on their stock price because of granular data like this.

What's next: According to Kendall, the company hopes to take the project global eventually, monitoring flaring in other locations aside from the U.S. to help hold other governments and companies accountable and aid in emissions cuts.

Go deeper

Satellites are ushering in a new era of environmental accountability

Illustration: Sarah Grillo/Axios

Satellites gazing down at Earth from orbit are helping hold governments and corporations accountable for their environmental impacts.

Why it matters: Environmental agreements are hard to enforce without independently verified data. But satellites — with advances in computing — can help monitor deforestation, illegal fishing, pollution and other environmental problems with ease, helping to measure whether governments are hitting their targets.

Shell CEO: You need us on climate change

Royal Dutch Shell CEO Ben van Beurden wants a seat at the table to fight climate change, and wants the public and policy makers to believe the oil and gas company is serious about shifting its massive business. 

Why it matters: The problem is, “in many parts of society, everything we say is wrong,” he tells “Axios on HBO.”

Updated 13 mins ago - Sports

Naomi Osaka eliminated from Olympic tennis tournament in Tokyo

Czech 42nd-ranked Marketa Vondrousova (L) shakes hands with Japan's Naomi Osaka after their Tokyo 2020 Olympic Games women's singles third round tennis match at the Ariake Tennis Park in Tokyo on Tuesday. Photo: Giuseppe Cacace/AFP via Getty Images

Naomi Osaka was eliminated from the Olympics after losing her Tokyo tennis tournament match 6-1, 6-4 in the third round to Czech Marketa Vondrousova on Tuesday.

Of note: Japan's Osaka is the women's world No. 2, while is Vondrousova ranked No.42.

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