Zefiro Methane Corp. Board of Directors Member Catherine Flax Delivers Remarks at Wall Street Green Summit

In an address at the New York City-based event, Ms. Flax underscored the nationwide public health threat posed by unplugged oil & gas wells and highlighted Zefiro’s unique ability to help address this legacy issue

FORT LAUDERDALE, Fla., March 13, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) board of directors member Catherine Flax served as a featured speaker at this week’s Wall Street Green Summit in New York City. The event, which was held at The Cornell Club in midtown Manhattan, was organized to highlight unique opportunities throughout the energy sector that promote a more sustainable future. Zefiro also hosted a cocktail reception at the historic venue following the conclusion of the day’s official programming for key stakeholders and conference attendees.

During her remarks, Ms. Flax outlined the public health threat posed by the nationwide proliferation of orphaned and abandoned oil and gas wells. According to the latest expert estimates, there are millions of these sites throughout the U.S., with the potential for many to be unplugged. Ms. Flax also underscored Zefiro’s industry-leading efforts to forge a diverse portfolio of carbon credits that are directly linked to the ongoing plugging projects the Company is conducting across the country.

Pictured: Zefiro’s Catherine Flax addresses attendees of the Wall Street Green Summit on March 12, 2024

Pictured: Zefiro’s Catherine Flax addresses attendees of the Wall Street Green Summit on March 12, 2024

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“Too many American homes, schools, hospitals, and other staples of our everyday lives are uncomfortably close to a potentially hazardous unplugged oil or gas well,” said Catherine Flax, Board of Directors Member, Zefiro Methane Corp. “As the only entity in the energy sector that combines the hard work in the field, experience in the oil and gas industry, and the know-how to define a growing portion of the energy commodities marketplace, I firmly believe that Zefiro’s truly comprehensive business structure will have an outsized impact on addressing this national public health problem.”

Ms. Flax’s speech was the latest in a series of public speaking engagements that Zefiro’s senior leadership team has undertaken, including Zefiro Founder and Chief Executive Office Talal Debs’ appearance at the United Nations’ COP 28 Conference, to highlight the Company’s expanding field operations and discuss how the energy industry can help combat this legacy issue.

“Since Zefiro’s inception, our team has worked tirelessly to build an expansive portfolio of projects and help establish a marketplace that is on the leading edge of innovation,” said Talal Debs, Founder & Chief Executive Officer, Zefiro Methane Corp. “Addressing this national issue requires big, bold solutions, and our efforts to forge the industry’s first comprehensive service provider will help more long-affected communities remediate these potentially dangerous sites.”

More information on the Wall Street Green Summit can be found here.

On behalf of the Board of Directors of the Company,


“Talal Debs”

Talal Debs, Founder & CEO

For further information, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)

For media inquiries, please contact:

Rich Myers - Profile Advisors (New York)
(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.

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