Zefiro Methane Corp. CEO Featured at UN COP29 ‘Sustainable Innovation Forum’ Panel
Zefiro Methane Corp CEO Dr. Talal Debs was a featured speaker at the UN COP29 Sustainable Innovation Forum in Baku, Azerbaijan. During panel discussions, he highlighted the company's methane abatement operations and carbon offset portfolio. The discussions focused on addressing North America's unplugged oil and gas wells issue, which could cost up to $435 billion to resolve. These wells leak methane gas that can be 25-85 times more potent than CO2 in trapping atmospheric heat. Dr. Debs emphasized Zefiro's role as a comprehensive service provider in the methane abatement sector, combining well plugging operations with carbon credit offerings.
Il CEO di Zefiro Methane Corp, Dr. Talal Debs, è stato relatore principale al Forum sull'Innovazione Sostenibile delle Nazioni Unite COP29 a Baku, Azerbaigian. Durante le discussioni, ha messo in evidenza le operazioni di riduzione del metano dell'azienda e il portafoglio di compensazione del carbonio. I colloqui si sono concentrati sulla questione dei pozzi petroliferi e di gas dismessi del Nord America, la cui risoluzione potrebbe costare fino a 435 miliardi di dollari. Questi pozzi rilasciano gas metano, che può essere da 25 a 85 volte più potente del CO2 nel trattenere il calore atmosferico. Dr. Debs ha sottolineato il ruolo di Zefiro come fornitore di servizi completo nel settore della riduzione del metano, unendo operazioni di tappatura dei pozzi con l'offerta di crediti di carbonio.
El CEO de Zefiro Methane Corp, Dr. Talal Debs, fue un ponente destacado en el Foro de Innovación Sostenible de la ONU COP29 en Bakú, Azerbaiyán. Durante las discusiones en panel, destacó las operaciones de reducción de metano de la empresa y su cartera de compensación de carbono. Las discusiones se centraron en abordar el problema de los pozos de petróleo y gas apagados en América del Norte, cuya resolución podría costar hasta 435 mil millones de dólares. Estos pozos filtran gas metano que puede ser de 25 a 85 veces más potente que el CO2 para atrapar el calor atmosférico. El Dr. Debs enfatizó el papel de Zefiro como proveedor de servicios integral en el sector de reducción de metano, combinando operaciones de sellado de pozos con ofertas de créditos de carbono.
제피로 메탄 주식회사의 CEO인 탈랄 데브스 박사는 아제르바이잔 바쿠에서 열린 UN COP29 지속 가능한 혁신 포럼의 주요 연사로 초청되었습니다. 패널 토론 동안 그는 회사의 메탄 저감 작업과 탄소 상쇄 포트폴리오를 강조했습니다. 토론의 초점은 북미의 방치된 석유 및 가스 우물 문제를 해결하는 것으로, 그 비용이 최대 4,350억 달러에 이를 수 있습니다. 이러한 우물은 대기 중 열을 포획하는 데 CO2보다 25~85배 더 강력한 메탄 가스를 누출합니다. 데브스 박사는 제피로가 메탄 저감 분야의 종합 서비스 제공업체로서 우물 막기 작업과 탄소 크레딧 제공을 결합하고 있음을 강조했습니다.
Le PDG de Zefiro Methane Corp, Dr. Talal Debs, a été un intervenant vedette lors du Forum d'Innovation Durable de l'ONU COP29 à Bakou, Azerbaïdjan. Lors des discussions en panel, il a mis en lumière les opérations d'atténuation du méthane de l'entreprise et son portefeuille de compensation carbone. Les discussions se sont concentrées sur le problème des puits de pétrole et de gaz non utilisés en Amérique du Nord, dont la résolution pourrait coûter jusqu'à 435 milliards de dollars. Ces puits fuient du gaz méthane, pouvant être de 25 à 85 fois plus puissant que le CO2 pour piéger la chaleur atmosphérique. Dr. Debs a souligné le rôle de Zefiro en tant que fournisseur de services complet dans le secteur de l'atténuation du méthane, combinant des opérations de bouchage de puits avec l'offre de crédits carbone.
Dr. Talal Debs, CEO von Zefiro Methane Corp, war ein Hauptredner beim UN COP29 Forum für nachhaltige Innovation in Baku, Aserbaidschan. Während der Podiumsdiskussionen hob er die Methanreduktionsmaßnahmen des Unternehmens und das Portfolio für Kohlenstoffkompensationen hervor. Die Diskussionen konzentrierten sich auf das Problem der stillgelegten Öl- und Gasbrunnen in Nordamerika, dessen Lösung bis zu 435 Milliarden Dollar kosten könnte. Diese Brunnen entlassen Methangas, das 25 bis 85 Mal wirksamer sein kann als CO2 bei der Einschließung von atmosphärischer Wärme. Dr. Debs betonte die Rolle von Zefiro als umfassenden Dienstleister im Bereich der Methanreduzierung, indem er Brunnenverfüllungsarbeiten mit Kohlenstoffkreditangeboten kombiniert.
- Company positioned as industry leader in methane abatement sector
- Diversified revenue stream through well plugging operations and carbon credit portfolio
- None.
Representing the largest methane abatement services provider featured at the conference, Dr. Talal Debs detailed Zefiro’s North American methane abatement operations. Dr. Debs also highlighted the Company’s high-quality carbon offset portfolio at the International Emissions Trading Association’s (“IETA”) official COP29 event.
FORT LAUDERDALE, Fla., Nov. 27, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) Founder and Chief Executive Officer Dr. Talal Debs recently served as a featured speaker at the United Nations’ 2024 Climate Change Conference (“COP29”) in Baku, Azerbaijan. While appearing on the COP29 Sustainable Innovation Forum (“Innovation Forum”)’s “Navigating net zero with carbon removals and voluntary strategies” panel discussion, Dr. Debs underscored Zefiro’s efforts to meet the voluntary carbon marketplace’s increasing demand for high-quality, direct impact offset products and expand the Company’s abandoned oil and gas well remediation operations throughout North America. Joining Dr. Debs on the panel were Lorna Ritche (Policy Director for the Integrity Council for the Voluntary Carbon Market), Olga Hancock (Head of Responsible Investment at the Church Commissioners for England), and Rodrigo Buenaventura (Chair of the Spanish Securities and Markets Commission).
In addition to featuring with leading sector stakeholders at the Innovation Forum, Dr. Debs also served as a presenter and panelist at the International Emissions Trading Association’s (“IETA”) official COP29 event, entitled “Scaling large-scale methane mitigation through market-based approaches.” During his remarks, Dr. Debs highlighted Zefiro’s unique ability to forge an expanding oil and gas well plugging operation that is partly funded by a diverse, in-demand carbon credit portfolio.
While numerous public and private sector entities have made recent progress on their stated methane abatement commitments, including Dr. Debs’ fellow IETA event panelist Government of Alberta Assistant Deputy Minister for Air, Climate, and Clean Technology Patrick McDonald announcing that the province was ahead of schedule on their methane reduction pledge, recent expert estimates have stated that there are currently millions of potentially noxious, unplugged oil and gas wells spread throughout the North America. These sites can leak methane gas that can be 25 to 85 times as potent as carbon dioxide emissions in terms of trapping heat in the atmosphere, and numerous energy sector analysts have projected that the final cost to permanently seal just the U.S.-based sites could be up to
Dr. Debs (pictured furthest on the right) speaks at the COP29 Sustainable Innovation Forum’s “Navigating net zero with carbon removals and voluntary strategies” panel discussion on November 13, 2024
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Zefiro Founder and Chief Executive Officer Dr. Talal Debs commented, "As the global voluntary carbon marketplace becomes more efficient, equitable, and quality-focused, our industry-leading well plugging and offset product teams continue forging the methane abatement sector’s leading comprehensive service provider. Tackling one of the world’s most complex methane remediation issues will require the innovative, highly coordinated scaling of public, private, and non-profit sector operations, and I look forward to further exploring many of the new professional connections that our executive team was able to forge at COP29.”
Dr. Debs’ official participation at COP29 is the latest in a series of high-profile appearances and speaking engagements that have bolstered the Company’s position as a methane abatement sector thought leader. These opportunities have ranged from members of Zefiro’s senior leadership team hosting an event and participating in a number of sanctioned panel discussions at NYC Climate Week 2024, to Zefiro Chief Commercial Officer Tina Reine featuring as a panelist at the 2024 Argus Europe Carbon Conference, to Zefiro Board Member Catherine Flax addressing attendees of the 2024 Wall Street Green Summit.
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers - Profile Advisors (New York)
media@zefiromethane.com
+1 (347) 774-1125
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the Company’s intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company’s partnerships with industry operators, state agencies, and federal governments; the Company’s expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company’s intentions to build out its presence in the United States; the anticipated federal funding for orphaned well site plugging, remediation and restoring activities; the Company’s expectations to become a growing environmental services company; the Company’s ability to provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental, and social returns; and other statements regarding the Company’s business and the industry in which the Company operates. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: (i) adverse general market and economic conditions; (ii) changes to and price and volume volatility in the carbon market; (iii) changes to the regulatory landscape and global policies applicable to the Company's business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading “Risk Factors”. The Company operates in a rapidly evolving environment where technologies are in the early stage of adoption. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this news release is made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
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FAQ
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