US announces USD 850 million to reduce methane pollution from oil, gas sector

Washington DC [US], June 22,2024: The US Department of Energy (DOE) and the US Environmental Protection Agency (EPA) today announced that applications are open for USD 850 million in federal funding for projects that will help monitor, measure, quantify, and reduce methane emissions from the oil and gas sectors as part of President Biden’s Investing in America agenda.
Oil and natural gas facilities are the nation’s largest industrial source of methane, a climate “super pollutant” that is many times more potent than carbon dioxide and is responsible for approximately one-third of the warming from greenhouse gases occurring today.
The funding opportunity announced today is a part of the Biden-Harris Administration’s comprehensive, whole-of-government strategy to reduce harmful methane emissions across economic sectors, as outlined in the US Methane Emissions Reduction Action Plan.