Bradford, Pennsylvania, September 21, 2023 (GLOBE NEWSWIRE) — ZEFIRO METHANE CORP. (“Company”, “Zefiro” or “ZEFI”) and X Machina Capital Strategy (“XMC”) announced today that they will co-host an event tonight in New York City as part of Climate Week 2023. The event, titled “Unleashing Innovation through Sustainable Investing,” will be held in downtown Manhattan and will provide key industry stakeholders, investors and members of the media with more information about Zefiro and XMC’s efforts to promote investment in the hydrocarbon economy Opportunity.
Specifically, the invitation-only gathering will bring together insights from numerous members of Zefiro’s management team on the company’s ongoing nationwide initiative to reduce methane emissions by permanently plugging abandoned oil and gas wells.According to estimates released by the University of Cincinnati in June 2023, there are more than 4 million abandoned locations Distributed in 26 different states.Numerous studies also indicate that many of these wells currently emit approximately 25-84 times More potent than carbon dioxide and can seriously damage air and drinking water quality in surrounding areas.Zephiro Series recent invest Showcase your business capabilities Commercially viable and scalable solution To address this issue, the company is currently operating at multiple active job sites, resulting in field crews across the country locating and plugging an increasing number of potentially toxic sites.
Zefiro and XMC will host a two-hour event in downtown Manhattan during New York Climate Week, which will feature presentations on the topic of sustainable investing in the hydrocarbon economy. A networking reception will follow with cocktails and hors d’oeuvres.
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Talal Debs, founder and chairman of Zefiro and founder of XMC, said: “As the hydrocarbons sector continues to evolve, Zefiro and Targeted investment in projects of health benefit.” “We cannot build bridges to a cleaner tomorrow without addressing the legacy environmental issues that impact the lives of countless Americans today, and we are proud to co-host this event at such an important time in the move toward a more sustainable future.”
On behalf of the company’s board of directors,
ZEFIRO Methane Company
Curt Hopkins, CEO
For more information please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
For media inquiries, please contact:
Rich Myers – Profile Consultant (New York)
About Zefiro Methane Company
Zefiro develops methods to reduce methane emissions by plugging isolated and abandoned oil and gas wells, while initiating carbon offsets. Led by executives that include former J.P. Morgan carbon markets team, Zefiro aggressively deploys staff to decommission wells across the United States. As businesses and institutions strive to achieve net zero goals, there is unprecedented global demand for carbon offsets, and Zefiro is strategically partnering with industry leaders to create a green future.
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 “seek,” “believe,” “plan,” “expect,” “intend,” “estimate,” “anticipate” and other forward-looking statements. Events or results “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 industries in which the Company operates, the Company’s opportunities, strategies, competition, the Company’s anticipated activities and expenditures in pursuing its business plans, and the adequacy of the Company’s operations. the company’s available cash resources and other statements regarding future events or results. Forward-looking information reflects management’s current expectations based on currently available information and is subject to a number of risks and uncertainties that could cause results 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 within the time frames disclosed 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 in price and volume volatility in the carbon market; (iii) the regulatory environment applicable to the Company’s business and changes in global policies; (iv) other factors beyond the company’s control. The company operates in a rapidly evolving environment where technology is still in the early stages of adoption. New risk factors emerge from time to time, and the company’s management cannot predict all risk factors, nor can the company assess the impact of all factors on the company’s business or the extent of the impact of any factor or combination of factors on the company’s business. could cause actual results to differ from those contained in any forward-looking information. Forward-looking information is based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and plans on reasonable terms and the ability of external service providers to provide services in a satisfactory and timely manner. The forward-looking information contained in this press release is 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. Unless required by applicable law.
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