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: NDC

ITMOs are offsets that count toward a country’s Nationally Determined Contributions (NDCs) and support the overall mitigation of global emissions (for Article 6.4). Being issued by the Senegal government, the credits are of high quality and will demand a significant premium on many existing issues. We discuss the $20m investment going into the National Integrated Waste Management Company of Senegal, which will enable the development of waste management infrastructure at a time when many African governments are budget constrained.
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