Representing the largest methane abatement services provider featured at the conference, Dr. Talal Debs detailed Zefiro’s North American methane abatement operations. Dr. Debs also highlighted the Company’s high-quality carbon offset portfolio at the International Emissions Trading Association’s (“IETA”) official COP29 event.

FORT LAUDERDALE, Fla., Nov. 27, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) Founder and Chief Executive Officer Dr. Talal Debs recently served as a featured speaker at the United Nations’ 2024 Climate Change Conference (“COP29”) in Baku, Azerbaijan. While appearing on the COP29 Sustainable Innovation Forum (“Innovation Forum”)’s “Navigating net zero with carbon removals and voluntary strategies” panel discussion, Dr. Debs underscored Zefiro’s efforts to meet the voluntary carbon marketplace’s increasing demand for high-quality, direct impact offset products and expand the Company’s abandoned oil and gas well remediation operations throughout North America. Joining Dr. Debs on the panel were Lorna Ritche (Policy Director for the Integrity Council for the Voluntary Carbon Market), Olga Hancock (Head of Responsible Investment at the Church Commissioners for England), and Rodrigo Buenaventura (Chair of the Spanish Securities and Markets Commission).

In addition to featuring with leading sector stakeholders at the Innovation Forum, Dr. Debs also served as a presenter and panelist at the International Emissions Trading Association’s (“IETA”) official COP29 event, entitled “Scaling large-scale methane mitigation through market-based approaches.” During his remarks, Dr. Debs highlighted Zefiro’s unique ability to forge an expanding oil and gas well plugging operation that is partly funded by a diverse, in-demand carbon credit portfolio.

While numerous public and private sector entities have made recent progress on their stated methane abatement commitments, including Dr. Debs’ fellow IETA event panelist Government of Alberta Assistant Deputy Minister for Air, Climate, and Clean Technology Patrick McDonald announcing that the province was ahead of schedule on their methane reduction pledge, recent expert estimates have stated that there are currently millions of potentially noxious, unplugged oil and gas wells spread throughout the North America. These sites can leak methane gas that can be 25 to 85 times as potent as carbon dioxide emissions in terms of trapping heat in the atmosphere, and numerous energy sector analysts have projected that the final cost to permanently seal just the U.S.-based sites could be up to $435 billion.

Dr. Debs (pictured furthest on the right) speaks at the COP29 Sustainable Innovation Forum’s “Navigating net zero with carbon removals and voluntary strategies” panel discussion on November 13, 2024

Readers using news aggregation services may be unable to view the media above. Please access SEDAR+ or the Investors section of the Company’s website for a version of this press release containing all published media.

Zefiro Founder and Chief Executive Officer Dr. Talal Debs commented, "As the global voluntary carbon marketplace becomes more efficient, equitable, and quality-focused, our industry-leading well plugging and offset product teams continue forging the methane abatement sector’s leading comprehensive service provider. Tackling one of the world’s most complex methane remediation issues will require the innovative, highly coordinated scaling of public, private, and non-profit sector operations, and I look forward to further exploring many of the new professional connections that our executive team was able to forge at COP29.”

Dr. Debs’ official participation at COP29 is the latest in a series of high-profile appearances and speaking engagements that have bolstered the Company’s position as a methane abatement sector thought leader. These opportunities have ranged from members of Zefiro’s senior leadership team hosting an event and participating in a number of sanctioned panel discussions at NYC Climate Week 2024, to Zefiro Chief Commercial Officer Tina Reine featuring as a panelist at the 2024 Argus Europe Carbon Conference, to Zefiro Board Member Catherine Flax addressing attendees of the 2024 Wall Street Green Summit.

About Zefiro Methane Corp.

Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.

On behalf of the Board of Directors of the Company,

ZEFIRO METHANE CORP.

“Talal Debs”

Talal Debs, Founder & CEO

For further information, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com

For media inquiries, please contact:

Rich Myers - Profile Advisors (New York)
media@zefiromethane.com
+1 (347) 774-1125

Forward-Looking Statements

This news 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. In particular, this news release contains forward-looking information including statements regarding: the Company’s intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company’s partnerships with industry operators, state agencies, and federal governments; the Company’s expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company’s intentions to build out its presence in the United States; the anticipated federal funding for orphaned well site plugging, remediation and restoring activities; the Company’s expectations to become a growing environmental services company; the Company’s ability to provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental, and social returns; and other statements regarding the Company’s business and the industry in which the Company operates. 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, but are not limited to: (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; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading “Risk Factors”. 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. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this news release is made as of the date of this news 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.

Statement Regarding Third-Party Investor Relations Firms

Disclosures relating to investor relations firms retained by Zefiro Methane Corp. can be found under the Company's profile on SEDAR+ at www.sedarplus.ca/.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/60bd8ae0-6219-4fb0-ac35-2846433b6478