17:11:47 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Delta Cleantech Inc
Symbol DELT
Shares Issued 58,523,100
Close 2023-12-12 C$ 0.035
Market Cap C$ 2,048,309
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Delta Cleantech sees feds draft methane reduction rules

2023-12-13 08:10 ET - News Release

Mr. Jeff Allison reports

CANADIAN FEDERAL GOVERNMENT ANNOUNCES DRAFT METHANE REDUCTION REGULATIONS

Delta Cleantech Inc. has provided an update.

Today, Steven Guilbeault, Minister of Environment and Climate Change, announced at the Global Methane Pledge Ministerial that Canada has published strengthened oil and gas methane regulations to cut emissions from this potent greenhouse gas. This makes good on Canada's commitment when it became the first country in the world to set a target of reducing oil and gas methane emissions by at least 75 per cent from 2012 levels by 2030. During this event, John Kerry, the United States Special Presidential Envoy for Climate, highlighted that the United States recently finalized its own oil and gas methane regulations. Canada's approach is broadly aligned with that of the United States in both form and stringency.

Jeff Allison, president of Delta, commented: "Delta recently announced the launch of its own innovative methane destruction product -- The MethanatorRX. The MethanatorRX will look to both destroy low-volume methane from natural gas wells and to generate carbon credits. Both of these activities have been stated as a mandate for the Canadian federal government. The MethanatorRX has been selected for demonstration by a major gas producer, and is expected to be producing methane destruction results within the next 30 days.

"Delta's products are currently operating as 'incubators' for global emissions reduction through the corporation's Delta purification solvent reclaiming, and its subsidiaries, namely: Delta CO2 Capture; MethanatorRX Technologies Inc. -- methane destruction; and Carbon RX Inc. -- carbon credits. We are well positioned to take advantage of these clean-technology growing markets in the near future."

About Delta Cleantech Inc.

Delta Cleantech is a 19-year-old, ESG-driven (environmental, social and governance), recognized global technology leader in carbon dioxide capture, decarbonization of energy, solvent and glycol reclamation, blue hydrogen production, and carbon credit aggregation and management.

We seek Safe Harbor.

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