Local projects for companies

Close the wells
next door

Old oil and gas wells sit next to schools, homes and job sites across the country. ClimateWells finances closing them years early. Your company gets a local project people can see, and permanent emission cuts that count toward your climate goals.

See our projects

Trusted by

Bank of America JPMorganChase Chubb CNaught Climate Action Reserve BeZero Carbon EY

How it works

Three steps to a closed well

Oil well pumpjack next to a neighborhood of homes

01

Pick the wells near you

We find old, low-production oil and gas wells beside the schools, neighborhoods and sites that matter to your company.

Oil and gas wellhead before plugging

02

Plug them for good

Each well is permanently plugged years before it would otherwise close. Its emissions end at the source.

Well pad surrounded by forest and homes

03

Checked and rated

Every project creates high-integrity carbon credits. Our first projects are rated A by BeZero, with limited assurance from EY.

Decommissioning marginal wells would eliminate more than 1.5 billion tons of CO2 emissions each year. That’s the same impact as electrifying every car in the U.S., putting solar on every American home, and doubling U.S. wind energy production, combined.
Case study
Downtown Los Angeles

In the Wilmington neighborhood, seven aging wells beside a youth baseball field were permanently shut down, reducing methane and improving neighborhood air quality. The project created local jobs, cleaner air, safer communities, and new opportunities for the land.

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Rated ‘A’ ex ante
Lead partner
Limited assurance