Climate Transformed Ventures (CTV) is a methane infrastructure and origination platform company that leverages government funding and private capital to cap orphaned oil wells across the United States and Canada.

An orphaned oil well has no solvent owner of record, leaving the responsibility of capping in the hands of state and federal governments.

The EPA estimates that there are up to 3.7 million orphaned wells in North America, with the estimated cost to cap them ranging from $200bn- $300bn.

There is only $4.7bn allocated by the US Federal Government under the Infrastructure Investment and Jobs Act (IIJA).

This is the first phase of a multi-decade solution that will require the extensive deployment of private capital

Tag: Carbon Culture

Forcing natural gas producers to capture and store CO2 emissions
Carbon Markets
We were privileged to participate in person at the COP26 summit in Glasgow this month. It was most enjoyable to see and exchange with many colleagues and partners after this extended period of pandemic-induced virtual calls.
Carbon Markets
So here comes COP26, buffeted by Covid headwinds and soaring energy costs, not to mention rampant profiteering by the host city and the organisers, which Prime Minister Boris Johnson hopes will give him a green sheen to deflect some of the brown stuff being flung his way.
Carbon Markets
At times discussions over the climate crisis can feel like a series of frightening numbers accompanied by vague pledges and commitments to make changes by some far-off date.
Carbon Markets

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