3.7 to 5 Million
280 to 500 Million
USD $400-$600 Billion
There are millions of documented orphaned/abandoned oil and gas wells (“AOOG”) in the United States alone. Many of these wells are leaking potent greenhouse gases into the atmosphere.
With each well producing approximately 78 cubic metres of methane emissions per year, plugging leaky wells could capture as much as 23 million tons of CO2 equivalent annually. However, to plug every known AOOG well in the United States could cost upwards of USD $600 billion.
Zefiro’s objective is to lead the way in solving this disaster by strategically funding and executing well-plugging projects, developing advanced carbon offset methodologies, accelerating/leveraging new technology, and scaling the market for long-term sustainability.