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

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Climate 2023
U.S. Climate Policy: The Inflation Reduction Act

The Inflation Reduction Act (IRA) is the most comprehensive global legislation to tackle climate challenges the world has witnessed outside of China’s state-sponsored efforts. It has exposed the deficiencies of the punitive model embraced by Europe by providing a broad and generous range of incentives to deploy climate technology in the United States. This carrots versus sticks approach will ensure the United States is a global climate leader for the next 15-20 years.
According to Credit Suisse, two-thirds of the initial headline number of $400 billion is linked to uncapped tax credits. The allocation of $1 trillion of these credits by the government is not mentioned in the bill. When we apply privately to a public multiplier effect of one-to-one, there would be an investment of $1.7 trillion over ten years.
We discuss the nuance of the legislation, the details of many of the tax credits, and the sectors that will benefit.

Download the report to read it in full [the green button to your right].

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We discuss the challenges and opportunities in urban mobility, and Laura's role in making mobility in cities greener.
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Betty Jiang is a Managing Director of Credit Suisse in the Investment Banking division. Betty is also the author of what we believe is the most comprehensive assessment of the IRA. Arnie Grant is a tax partner in ReedSmith's firm's Chicago office. Ulysses Smith is an ESG Senior Adviser based in Debevoise & Plimpton's New York office.



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