The International Carbon Registry is initiating a public consultation on a new methodology in sector 8. Mining/mineral production: "Early Decommissioning of Marginal Oil and Gas Wells in the United States." This innovative approach aims to significantly reduce GHG emissions by targeting the early plugging of marginally productive wells, contributing to a substantial positive climate impact. Echoing our joint effort to transition from fossil fuel as was agreed upon in #cop28uae. There are over 700,000 marginal and old oil and gas wells in the United States that produce less than 15 barrels of oil per day that can be eligible for its application.

The methodology is developed by ClimateWells and EcoEngineers.

🗓️ Consultation Period: February 22 - March 19, 2024 Your insights and expertise are invaluable to us and ClimateWells and EcoEngineers. Learn more and participate in the ICR Public Consultation. #GHGmethodology #ClimateAction #ICR #Ecoengineers

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