The World Economic Forum (WEF) indirectly endorsed using flare emissions for mining Bitcoin.
In an unexpected turn of events, the lobbying group released a video featuring Chase Lochmiller, the CEO and co-founder of Crusoe Energy, talking about turning waste methane emissions into energy.
Crusoe Energy takes mobile and modular infrastructure to oil and gas sites to harvest waste emissions into energy for powering data centers and cryptocurrency mining – thus reducing the environmental impact of fossil fuel production and tapping into an alternative energy source.
“This helps energy producers clean up the least efficient parts of their operations to meet rising environmental standards around flaring and emissions.”
Lochmiller does not mention Bitcoin directly
According to the WEF, the work carried out by Crusoe Energy aligns the future of computing “with the future of the climate.”
During the short video, Lochmiller explained that it is not always economically viable or logist
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