Potential Solutions
Nature based vs industrial based well plugging options
NATURE BASED CREDITS
- Largely outside the United States.
- Nature Based projects can take. years/decades to develop.
- Allegations that over 90% of these credits are “ghosts”.
- As a result, valuation of these credits in the VCM has fallen.
Plugging Idle and Orphaned Oil & Gas Wells
- Over 3.5 million wells located in the United States.
- Results are IMMEDIATE and eliminate Methane emissions, a gas more than 80 times more hazardous than CO2.
- Results are PERMANENT.
- Results can be QUANTIFIED and are easily VERIFIED.
- Valuation of these credits are SUPERIOR to that of nature-based.