2min chapter

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#1116 Matt Lohstroh On Why Every Oil & Gas Company Will Mine Bitcoin

The Pomp Podcast

CHAPTER

Is Exxon Using Too Much Energy?

Oil and gas companies, especially Exxon, have ESG mandates to get rid of all flowing volumes. In an effort to still continue to flare the gas, they basically built an underground bunker and were flaring it under the ground. "I think it just comes from lack of education personally," says Bitcoin founder John Defterios.

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