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
As Global Sustainability Specialist, Eveline is part of a team of executive advisors who help Microsoft’s most strategic customers transform their business into a sustainable business. She identifies opportunities by capturing new business model opportunities on the long term as well as helping them understand how and where to start their sustainability journey based on their current emissions and ambition. Eveline has worked in a wide range of industries and on a variety of sustainability focus areas but with is a recognized thoughtleader in the voluntary carbon markets (VCM) and carbon sequestration space. She has worked with various customers on meandering the intricacies of corporate participation within the VCM.