New York (Natural Energy News): The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) have announced the availability of $850 million in federal funding to tackle methane emissions from the oil and gas sectors. This funding opportunity is part of the Inflation Reduction Act, the largest climate investment in history.
Methane: A Climate "Super Pollutant": Methane, a potent greenhouse gas, is many times more effective at trapping heat in the atmosphere than carbon dioxide. Oil and natural gas facilities are the largest industrial sources of methane in the United States, contributing to about one-third of the country's greenhouse gas-induced warming.
Funding Goals:
- Legacy Air Pollution Mitigation: The funding aims to address longstanding air pollution issues.
- Job Creation: It is expected to create good jobs in the energy sector and in disadvantaged communities.
- Efficiency Improvements: The initiative will help reduce waste and inefficiencies in U.S. oil and gas operations.
- Emissions Reductions: The funding will support near-term reductions in methane emissions, contributing to President Biden's ambitious climate and clean air goals.
Support for Small Operators: The funding will assist small oil and natural gas operators in reducing methane emissions by transitioning to innovative methane emissions reduction technologies.
EPA's Statement: EPA emphasized the significance of this funding in a press release, highlighting its role in mitigating air pollution, fostering job creation, and achieving significant reductions in methane emissions.
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