WHY IT MATTERS
There are over 2 million oil/gas wells in the US alone that are producing little to no fossil fuels, yet are leaking tremendous amounts of emissions and toxic pollutants every year. KarmaKarma is partnering with CarbonPath to put an end to this solvable issue. CarbonPath works with energy companies across the country to identify those marginal and abandoned wells and finance their permanent shutdown using carbon credits. You can help finance the shutdown of two marginal wells in rural Montana by purchasing credits through KarmaKarma, which will be retired immediately. The wells have already been closed and credits generated, but your purchase and retirement of credits makes that shutdown permanent, as well as helping incentivize the next round of well shutdowns! CarbonPath’s innovative credit generation and registry ties every credit back to a physical asset, whether it be an oil well or other human-made emission source, and uses the power of blockchain technology to make the data secure, transparent, and accessible. With every CarbonPath credit generated and retired, exactly one metric ton of CO2-equivalent removed or prevented is guaranteed.