Mentioned:
Zefiro Methane believes the future of high quality carbon offset credits might be found in a surprising place: abandoned oil and gas wells.
What’s happening:
- Zefiro Methane (CBOE:ZEFI) has announced they have pre sold methane offset credits to EDF Trading in a new deal
- EDF Trading is a part of low carbon energy giant EDF Group, who is one of the United Kingdom’s leading companies for nuclear energy and solar power infrastructure
Why it matters:
- Zefiro Methane is focused on generating carbon offset credits from abandoned oil and gas wells across the United States that leak methane gas, which is an enormous unsolved problem for the environment
By the numbers:
- Methane gas emissions are estimated to be approximately 28x more hazardous for the environment than carbon dixioied emissions, largely due to the harmful impact methane gas has on air quality and natural water resources
Going deeper:
- Zefiro Methane previously had their first methane reduction project listed on American Carbon Registry, which is one of the largest carbon credit programs globally
