Munich Re
Commented by Jens Castner on October 12th, 2026 | 05:39 CEST
Drill Deep, Plug Wells, Manage Risk: How Daldrup, Zefiro and Munich Re Make Money from Climate Protection
Created and Published on Behalf of Zefiro Methane Corp.
What was long considered a quiet environmental problem is growing into a market whose size in the United States alone is estimated at up to USD 280 billion. In Germany, thousands of abandoned oil and gas wells lie in the ground, while in the US there are millions. Many pollute the atmosphere with methane, a climate-killing gas. For drilling services provider Daldrup & Söhne, plugging old wells represents a new business line, although growth is being driven primarily by the geothermal energy boom. Canadian specialist Zefiro Methane, by contrast, focuses entirely on the remediation of orphaned wells in the US and generates additional revenue from CO₂ credits. Munich Re is active in both markets.
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