U.S. Offers $850 Million in Grants to Reduce Methane Emissions in Oil Sector

Jun 21, 2024, 12:10 PM

The U.S. government has announced an $850 million grant program aimed at reducing methane emissions in the oil and gas sector. The program, which is part of the Biden administration's efforts to curb greenhouse gas emissions, will offer competitive bidding that closes on August 26. The grants are intended to help small oil and gas producers monitor and reduce methane emissions from their operations. The initiative is being managed by the Department of Energy (DOE) and the Environmental Protection Agency (EPA).