#United States #Climate Change #Carbon Credits #Bozeman #Well Done Foundation

Well Done Foundation Takes a Revolutionary Step in Carbon Offset Solutions

The Well Done Foundation (WDF) has announced an exciting initiative that could transform how we confront climate change. They have launched the sale of 778,000 certified high-integrity carbon credits, aimed primarily at addressing the pressing environmental issue of orphaned oil and gas wells across the United States. Founded in 2019, WDF’s mission is focused on plugging orphaned wells, which contribute significantly to greenhouse gas emissions, particularly methane.

A Unique Market-Based Approach

In 2019, WDF envisioned a market-based strategy that would not only address the issue of abandoned oil wells but would also provide funding for the remediation efforts required to plug these sites. They have collaborated with Verra and the American Carbon Registry (ACR) to create a methodology that captures the reductions of greenhouse gases achieved through plugging these wells. This methodology was officially published in May 2023, marking a significant milestone for the organization.

What's groundbreaking about this initiative is that WDF is the first nonprofit in the nation to offer certified carbon credits specifically tied to orphan well remediation. Their unique approach provides an opportunity for businesses, nonprofits, and individuals to participate in climate action, thus creating a direct method for offsetting their carbon footprints.

Collaboration for Standards and Certification

To ensure the integrity of these carbon credits, WDF has teamed up with Carbon Path and Cloverly—key players in the environmental and sustainability sectors. Together, they are committed to maintaining rigorous standards for certification, transparency, traceability, and permanence regarding these carbon credits. According to WDF's Founder and Chairman, Curtis Shuck, the initiative addresses urgent environmental needs while providing a platform for businesses and individuals to contribute to reducing carbon emissions.

As a result, taxpayer burden is alleviated since the funds generated through the sale of these credits are directly reinvested into the Foundation’s ongoing efforts to plug more orphaned wells.

The First Projects Available

As of December 10, 2024, out of the total 778,000 credits, 268,626 credits are available for purchase and are associated with two initial projects: Palmer Bow Island 1-4 (128,555 credits) and Palmer Bow Island 2-2 (140,071 credits). These projects represent significant strides towards reducing methane emissions and mitigating the harmful effects caused by orphaned wells. WDF aims to continue diversifying its project offerings to engage a broader network of participants in its mission.

Partnerships Enhancing Impact

Carbon Path plays a vital role in ensuring that all registered projects maintain high scientific standards. They offer advanced digital tools for measurement and verification, allowing for a transparent process. CEO Tyler Crabtree has emphasized their commitment to reducing methane pollution from the estimated 2 million orphaned wells scattered across the United States. Likewise, Cloverly, with help from their commerce platform, is focused on empowering projects like WDF to make a real difference in climate action.

Continued Commitment to Action

WDF remains dedicated to collaborating with local, state, and federal agencies to tackle the orphan well crisis. They invite businesses and individuals to engage in this critical climate fight by supporting their mission of well remediation. If you’re interested in learning more or purchasing carbon credits, visit welldonefoundation.org. Through continued efforts, WDF aims to leave a lasting impact, one well at a time, and to foster a pathway towards a more sustainable future.

About the Well Done Foundation

The Well Done Foundation is a nonprofit organization founded to combat climate change by plugging the estimated 2.15 million orphaned oil and gas wells in the United States. They work collaboratively with various stakeholders, including farmers, landowners, and government entities, to efficiently locate wells, measure emissions, and restore impacted environments. For further information, please visit their website or get in touch through their media contact.

Media Contact: Interdependence PR, [email protected], 281-770-9084

Source: Well Done Foundation