Zefiro Methane Corp. & X Machina Capital Strategies to Co-Host 2023 NYC Climate Week Event

The invitation-only gathering will feature presentations by members of Zefiro and XMC’s leadership teams regarding their work to invest in a more sustainable future

BRADFORD, Pa., Sept. 21, 2023 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) and X Machina Capital Strategies (“XMC”) today announced that they will be co-hosting an event this evening as part of Climate Week 2023 in New York City. The event, titled “Unlocking Innovation Through Sustainable Investment”, will be held in midtown Manhattan and will provide key sector stakeholders, investors, and members of the media the opportunity to learn more about Zefiro and XMC’s efforts to facilitate investment in the hydrocarbon economy.

Specifically, this invitation-only gathering will feature insights from numerous members of Zefiro’s management team regarding the Company’s ongoing nationwide initiatives to reduce methane emissions by permanently plugging orphaned oil and gas wells. According to an estimate published in June 2023 by the University of Cincinnati, there are more than four million of these abandoned sites spread out across 26 different states. Numerous studies have also indicated that many of these wells are currently emitting methane that is approximately 25-84 times more potent than carbon dioxide and can seriously harm surrounding areas’ air and drinking water quality. Zefiro’s series of recent investments in its operational capacity exhibit a commercially viable and scalable solution to this problem, and the Company’s current work at a variety of active job sites has led to on-the-ground crews across the country locating and plugging an increasing number of these potentially toxic sites.

Zefiro and XMC will be hosting a two-hour event during Climate Week NYC in midtown Manhattan where presentations will be delivered on the topic of sustainable investment in the hydrocarbon economy. A networking reception will follow, with cocktails and hors d’oeuvres served to guests.

“As the hydrocarbon space continues to evolve, Zefiro and XMC are working hand-in-hand to make targeted investments in projects that can produce immediate public health benefits for our communities,” said Talal Debs, Founder and Chairman of Zefiro and Founder of XMC. “We cannot build a bridge to cleaner tomorrow without remediating the legacy environmental issues affecting the lives of countless Americans today, and we are proud to be co-hosting this event during such an important moment in the drive toward a more sustainable future.”

>> Additional Reading: Zefiro Methane to Accelerate Well-Plugging Operations Using Established Infrastructure in Light of New ACR Methodology

About Zefiro Methane Corp.

Zefiro develops methodologies to reduce methane emissions by plugging orphaned and abandoned oil/gas wells, while originating carbon offsets. Under executive leadership to include the former carbon market team at J.P. Morgan, Zefiro actively deploys crews to decommission wells throughout the United States. With unprecedented global demand for carbon offsets as corporations and institutions work towards net-zero targets, Zefiro is strategically aligning with industry leaders for a greener future.