BRADFORD, Pa., Nov. 09, 2023 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) today announced that an opinion piece authored by the Company’s Field Operations Supervisor Scott Motter was published in yesterday’s edition of The Philadelphia Inquirer. This feature in one the largest media outlets in Pennsylvania is the latest in a series of notable press coverage for Zefiro, highlighted by Motter’s recent appearance in a Bradford Era article on the scale of the orphaned oil well problem in western Pennsylvania and the Company’s efforts to help affected communities. Motter joined Zefiro in his current role after spending the previous 15 years as an oil and gas inspector for the Pennsylvania Department of Environmental Protection and over fifty years working within the oil industry.
In the opinion piece, Motter addresses how the uncapped oil and gas well issue has affected generations of Pennsylvanians and why governmental, non-profit, and commercial entities must work together to address this unique challenge. Specifically, Motter highlighted the potential opportunities presented by the sale of carbon credits linked to well plugging operations and the $4.7 billion in federal funding currently available for initiatives that cap these sites across the country through the Infrastructure Investment and Jobs Act. The opinion piece can be read online by clicking here.
“For nearly 60 years, Scott has witnessed how the proliferation of uncapped oil and gas wells has negatively impacted communities across Pennsylvania,” said Curt Hopkins, Chief Executive Officer, Zefiro Methane Corp. “This piece is an important call to action and exhibits Scott’s deeply felt commitment to doing his part to help ensure that future generations do not have to confront this public health threat.”
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Curt Hopkins”
Curt Hopkins, 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
(347) 774-1125
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.
Forward-Looking Statements
This press 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. Forward-looking information in this press release includes statements regarding the Company, the Company’s business, the industry in which the Company operates, the Company’s opportunities, strategies, competition, expected activities and expenditures as the Company pursues its business plan, the adequacy of the Company’s available cash resources and other statements about future events or results. 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: (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; and (iv) other factors beyond the control of the Company. 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. The forward-looking information is based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, and the ability of outside service providers to deliver services in a satisfactory and timely manner. The forward-looking information included in this press release are made as of the date of this press 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.
