The Biden administration is set to announce a new ambitious plan that will reduce the world’s global methane emissions by 30 percent by 2030, starting with oil and gas wells. The new U.S. Methane Emissions Reduction Action Plan will utilize “commonsense regulations, catalytic financial incentives, transparency and disclosure of actionable data, and public and private partnerships” to identify and reduce methane emissions in a cost-effective manner from all major sources, the White House said in a statement on Nov. 2. The administration says this will help “protect public health, promote U.S. innovation in new technologies,” and help create jobs for tens of thousands of skilled workers across the United States. Specifically, it will introduce new regulations that “will significantly broaden and strengthen methane emissions reduction for new oil and gas facilities” and will require that states develop plans to reduce methane emissions from existing sources nationwide, which the administration estimates to include roughly 300,000 oil and gas …