SCOTTSDALE, Ariz. and CHICAGO, Feb. 18, 2025 /PRNewswire/ -- VitalEco, a leader in orphan well remediation and methane prevention, proudly announces the appointment of The Northern Trust Carbon Ecosystem™ to support the recordation, transaction and settlement of VitalEco's verified carbon credits. This agreement further advances the mission of VitalEco, which aims to prevent methane from escaping from thousands of orphan oil and gas wells. VitalEco steps in to adopt these wells, seal them, and restore the surrounding land.
A Multi-Stakeholder Approach to Carbon Reduction
The Northern Trust Carbon Ecosystem is a fully digital platform for the end-to-end lifecycle management of digital verified carbon credits. It connects institutional buyers seeking to offset emissions with project developers who are focused on solutions to avoid, reduce, or remove greenhouse gases. This collaboration enables VitalEco to continue expanding its orphan well remediation work, building on the success of completed projects across the United States. To date, VitalEco has successfully remediated orphan wells found at a low-income, senior housing facility in Ohio, a nature conservancy in Pennsylvania, protected wetlands in Louisiana, and agricultural land in Montana, preventing over 700,000 tons of CO2e from entering the atmosphere.
Scaling Impact Through Verified Carbon Credits
"Our work with The Northern Trust Carbon Ecosystem represents the collaboration needed to scale methane emissions prevention," said Jan Belt, CEO of VitalEco. "By working with Northern Trust, we are able to access a set of institutional-quality solutions that gives us and our clients a level of confidence provided by working with a global financial institution."
Jan added: "Third-party verification is being provided by ALL Consulting, so buyers can trust that each credit represents real and measurable methane avoidance. CarbonPath's orphan well methodology ensures that the remediation projects follow a robust, science-based approach to quantification."
"We are pleased to welcome additional project developers to The Northern Trust Carbon Ecosystem. Working with well-established developers, such as VitalEco, demonstrates our platform's potential to enable the Voluntary Carbon Market to operate at scale," said Justin Chapman, Global Head of Digital Assets and Financial Markets, at Northern Trust.
A Scalable Model for Environmental and Public Health Action
VitalEco provides a proactive, solution-driven approach to:
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About VitalEco
Since 2021, VitalEco has advocated and sponsored orphan well remediation and methane prevention, advancing carbon market solutions that generate verifiable environmental impacts. VitalEco projects deliver high-integrity carbon credits with meaningful co-benefits, supporting local communities while making a global impact. Based in Scottsdale, Arizona, the VitalEco team is dedicated to tackling methane at the source, fostering a cleaner, healthier future. Visit us at vital.eco and follow us on LinkedIn.
About The Northern Trust Carbon Ecosystem™
The Northern Trust Carbon Ecosystem™, offered through The Northern Trust Company in Chicago, is a fully digital carbon ecosystem for the end-to-end lifecycle management of digital voluntary carbon credits. Powered by the Northern Trust Matrix Zenith™ digital assets platform, it offers secure and transparent lifecycle management of voluntary carbon credit transactions. The Northern Trust Carbon Ecosystem is owned and managed by Northern Trust, one of the world's leading providers of wealth management, asset servicing, asset management, and banking. It has a global presence with offices in 24 U.S. states and Washington D.C. and 22 locations in Canada, Europe, the Middle East, and Asia-Pacific. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity, and innovation. For more information, please visit northerntrust.com/carbon-ecosystem.
About ALL Consulting
Since 1999, ALL Consulting has provided independent third-party verification for carbon credits, ensuring compliance with industry standards and reinforcing the credibility of emissions prevention projects. By leveraging decades of industry expertise and PE licensing in engineering, geology, well operations, and site assessments, ALL's verification process and deliverables are data-driven and high quality.
About CarbonPath
CarbonPath's orphan well methodology is a science-based framework for quantifying the emissions prevented from orphan oil and gas well remediation, setting a benchmark for accuracy and integrity in the voluntary carbon market.
SOURCE VitalEco
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