The U.S. Environmental Protection Agency and the Department of Energy have announced that applications are open for $850 million in federal funding for projects that will help monitor, measure, quantify and reduce methane emissions from the oil and gas sectors.
Oil and natural gas facilities are the largest industrial source of methane in the United States. A climate "super pollutant," it is many times more potent than carbon dioxide and is responsible for approximately one third of the warming from greenhouse gases occurring in the country, according to EPA.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.