FORT LAUDERDALE, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced that the Company’s Chief Commercial Officer Tina Reine will serve as a featured speaker at the United Nations’ 2024 Climate Change Conference (“COP29”) tomorrow, November 13th, at 3:40 PM GMT+4 in Baku, Azerbaijan. In addition to attending the conference with Zefiro Founder and Chief Executive Officer Talal Debs, Ms. Reine will lend her expertise to a COP29 Climate Action Innovation Zone-sanctioned panel discussion entitled “Carbon Markets Unleashed: Navigating Net Zero and With Carbon Removals and Voluntary Strategies.”
Specifically, Ms. Reine will use her platform at COP29 to underscore how Zefiro’s commitment to generating high-quality carbon credits via permanently sealing abandoned and orphaned oil and gas wells across North America aligns with the voluntary carbon marketplace’s increasing demand for high-quality credits that make an immediate, positive impact upon public health. According to the latest expert estimates, there are millions of potentially noxious unplugged oil and gas wells spread throughout the U.S., and the projected cost to permanently seal these sites could be up to $435 billion. The Company’s profitable, nationwide oil and gas well plugging operations have led to a number of landmark carbon credit pre-sale agreements with a variety of institutional investors, including EDF Trading and Mercuria Energy America, LLC.
Zefiro Founder and Chief Executive Officer Dr. Talal Debs commented, "From established commercial titans and government leaders to aspiring entrepreneurs and change-makers, COP29 attendees are not just talking about the future – they are helping actively shape it. Confronting our most pressing environmental remediation challenges will require a vast arsenal of public and private sector solutions, and we cannot wait to share our Company’s forward-thinking approach to reducing methane emissions across the globe with a unique audience of leading public policy and commercial influencers."
Zefiro Chief Commercial Officer Tina Reine commented, "Now more than ever, the voluntary carbon marketplace is seeking field-tested, results-oriented solutions that actually push countries and commercial entities alike closer to achieving their ambitious net-zero targets. Only tangible, verifiable initiatives will progress beyond this industry-wide inflection point, and Zefiro’s innovative blueprint for comprehensive methane abatement operations is aligned with the kinds of bold leaps forward that our collective global community needs to forge a cleaner, more sustainable future."
Ms. Reine’s official participation at COP 29 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 Ms. 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.
Statement Regarding Third-Party Investor Relations Firms
Disclosures relating to investor relations firms retained by Zefiro Methane Corp. can be found under the Company's profile on SEDAR+ at www.sedarplus.ca/.
