The United States Environmental Protection Agency (EPA) has announced that it is making $100 million in formula grant funding available to support efforts to monitor and reduce methane emissions from the oil and gas industry and restoration of well sites. This funding is part of the EPA's ongoing commitment to addressing climate change and reducing greenhouse gas emissions, particularly those from the oil and gas sector which is one of the largest contributors to methane emissions in the country. The EPA is encouraging states and tribes to apply for this grant funding to support their efforts to reduce methane emissions and protect public health and the environment.
1. The EPA is offering $100 million in formula grant funding to support monitoring and reducing methane emissions from the oil and gas industry and restoration of well sites.
2. The funding demonstrates the EPA's commitment to addressing climate change and reducing greenhouse gas emissions, particularly from the oil and gas sector.
3. States and tribes are encouraged to apply for the grant funding to support their efforts to reduce methane emissions and protect public health and the environment.
4. The funding will be used to develop and implement innovative technologies and strategies to detect and mitigate methane leaks from well sites.
5. A portion of the grant will be dedicated to the restoration of abandoned well sites, ensuring they are properly cleaned up and restored to their natural state.
The oil and gas industry is responsible for approximately 28% of methane emissions in the United States.
The funding will support the development and implementation of innovative technologies and strategies to detect and mitigate methane leaks from well sites. This initiative aligns with our commitment to address climate change and promote sustainable practices in the oil and gas sector. Additionally, a portion of the grant will be dedicated to the restoration of abandoned well sites, ensuring that these areas are properly cleaned up and restored to their natural state. Through these efforts, we aim to both reduce methane emissions and protect the environment for future generations.