"US Allocates $700 Million to Slash Methane Emissions in Oil and Gas Industry"

The US government will allocate $1.55 billion in funding to monitor and reduce methane emissions from the oil and gas sector, aiming to tackle the major driver of the climate crisis. The funding will be accompanied by technical assistance to help companies rein in emissions from leaks and daily operations. States will receive up to $350 million to support the identification and reduction of methane emissions from low-producing wells. The EPA and DOE will also invite bids for the deployment of technologies and best practices in the sector. The overall impact is expected to reduce 15 billion metric tons of greenhouse gas emissions between 2022 and 2055.