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: Hydrogen

Our current energy vulnerabilities are desperate for a solution. Has hydrogen’s time come or will a lack of infrastructure continue hold back its potential? Can 2023 be the breakout year for Hydrogen contribution to the clean energy mix?
Alternatives Fuel
Cyril Yee and Sam Lefkofsky discuss sustainable aviation fuel.
Commercial Transportation
The repurposing of Europe’s oil and gas pipelines for the transport of carbon dioxide for carbon capture storage (CCS) and hydrogen to fuel the energy transition, could cut the capital outlay to achieve the European Union’s (EU’s) ambitious climate change mitigation targets by more than 70 billion euros, a study showed.
Fossil Fuels
Nilson energy is the first off-grid & Public Green hydrogen station in the world.
Alternatives Fuel
Investors wishing to take a slice of the nascent green hydrogen industry should spend their money on electrolysis innovation, advised Rene Peters, involved in the world’s first offshore green hydrogen project, in an exclusive interview with Climate Transformed.
Alternatives Fuel

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