Cutting carbon emissions through the early decommissioning of oil and gas wells.
For hundreds of years, oil and natural gas companies have operated with no cost on their carbon emissions. Unsurprisingly, when we introduce a price on carbon, these companies can cut billions of tons, at very low cost, relatively overnight.
There are over one million high-emission, low-production wells across the globe that produce 5% of our oil and gas but over a billion tons of CO2 per year.
At ClimateWells we’re shutting wells down earlier and keeping carbon and methane emissions deep underground.
By designing and implementing environmental strategies to help commercially cut oil and gas emissions, we create carbon credit projects that are third-party verified, registered, and continuously audited to ensure best-in-class integrity and permanence.