US OFFERS $850 MILLION IN GRANTS TO CLEAN UP OIL SECTOR METHANE EMISSIONS
The U.S. government opened up on Friday competitive bidding that will close on Aug. 26 for $850 million in grants to help small oil and gas producers monitor and reduce methane from their operations, a major part of the Biden administration's plan to crack down on leaks of the potent greenhouse gas.
Oil and gas production is the source of around a third of the nation's methane emissions and is a key target for the Biden administration as it seeks to combat climate change. The United States is among more than 100 countries that have pledged to cut their methane emissions 30% by 2030 from 2020 levels. Low-producing oil and gas wells that account for just 6% of total U.S. production account for half of the methane emitted from all U.S. well sites.
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