The U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE) have announced a significant funding initiative aimed at reducing methane emissions from the oil and gas sector. Approximately $850 million will be allocated to 43 projects that will assist small oil and gas operators, Tribes, and other entities in reducing, monitoring, measuring, and quantifying methane emissions. This initiative is part of President Biden’s Investing in America agenda.
The funding supports efforts across the Biden-Harris Administration to cut methane emissions significantly. Since 2023, over 100 actions have been taken by various agencies, including an EPA rule projected to reduce methane emissions by 80% from covered oil and gas sources between 2024 and 2038.
EPA Administrator Michael S. Regan stated, “Today, we’re continuing to build on strong standards and historic progress to cut methane pollution and protect communities across the country.” He emphasized that these investments would support small businesses while driving technological advancements to combat climate change.
U.S. Secretary of Energy Jennifer M. Granholm highlighted the public health benefits of this investment: “This historic investment made possible by the Inflation Reduction Act is helping energy communities deliver long-lasting health and environmental benefits across the country.”
John Podesta, Senior Advisor to the President for International Climate Policy, remarked on the importance of tackling methane pollution: “Today’s awards will slash local pollution from Colorado to Kentucky while delivering for our workers, our communities, and our planet.”
The selected projects are funded by the Inflation Reduction Act, marking a significant step in addressing climate change. These projects aim to mitigate legacy air pollution while supporting small operators with innovative technologies. The initiative includes partnerships for enhancing emissions measurement transparency.
In total, EPA and DOE are providing $1.36 billion in financial assistance as part of the Methane Emissions Reduction Program under DOE’s National Energy Technology Laboratory's management.
These selections follow a previous announcement in December 2023 of $350 million in grant funding aimed at voluntary emission reductions at low-producing wells.
Methane is identified as a potent greenhouse gas contributing significantly to global warming. The Methane Emissions Reduction Program seeks rapid reductions in emissions as a cost-effective measure against rising global temperatures.
For more information about this program or financial assistance options under it, visit the EPA or DOE websites.
