Biden Administration Launches $850 Million Initiative to Curb Methane Emissions in Oil and Gas Sector

Funding aims to support small operators, advance technology, and create jobs while addressing climate goals.

The grants are part of the Inflation Reduction Act and open for competitive bidding until August 26.
Recipients include industry groups, academia, NGOs, tribes, and local governments.
Projects focus on monitoring, reducing emissions, and deploying advanced technologies.
Small operators, responsible for a significant portion of emissions, will receive targeted support.
The initiative complements broader efforts to cut methane emissions by 30% by 2030.