$860 Million Grant Program: Biden Administration Targets Methane Emissions Reduction in Oil and Gas Sector

The Biden administration has initiated an $860 million grant initiative aimed at cutting methane emissions from the oil and gas industry.

Biden administration launches $860 million grant to cut methane emissions in oil and gas sector

The Biden administration has initiated an $860 million grant program to cut methane emissions from the oil and gas industry, addressing its higher greenhouse gas impact than carbon dioxide. Funding targets industry, universities, governments, and tribes, emphasizing clean tech, economic gains, and detection innovations. Projects will reduce emissions at wells, advance mitigation technologies, and improve monitoring, according to the report of Washington Examiner.

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(photo: The New York Times)

Biden Administration’s $860 Million Grant Program Targets Methane Reduction in Oil and Gas Sector

The Biden administration focuses on large-scale infrastructure projects and deploying methane reduction technologies across various equipment types. Grants will support methane monitoring in disadvantaged communities and effective emission monitoring nationwide, backed by recent legislation like the 2022 Inflation Reduction Act despite industry opposition.

Thursday’s announcement underscores the Biden administration’s commitment to combating climate change through methane reduction strategies and promoting environmental stewardship in the United States.

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