Biden Backs Loan to Spot Permian Methane Leaks With Lasers
- LongPath Technologies’ lasers detect gas molecules in the air
- Network to scan oil and gas sites in the basin, several states
Joe Biden
Photographer: Jim Watson/AFP/Getty ImagesThis article is for subscribers only.
The Biden administration is backing a $189 million loan commitment to a Boulder, Colorado-based company for the development of a vast methane detection network that aims to monitor tens of thousands of oil and gas sites using lasers to identify leaks of the potent heat-trapping gas that is a major contributor to climate change.
The Energy Department announced the conditional loan guarantee Friday to privately-held LongPath Technologies, Inc., which is developing a subscription service to provide real-time methane emission monitoring for 25 million acres of land in the prolific Permian Basin and oil and gas production sites across six states.