Triangle Digital and Terra Nova Partner to Bring 9.2 Million Tonnes of Methane-Abatement Credits to Global Markets
This press release highlights Terra Nova and Triangle Digital announcing a partnership to bring more than 9.2 million tonnes of carbon dioxide equivalent (tCO₂e) of environmental assets to market.
FOR IMMEDIATE RELEASE
NEW YORK — [DATE], 2026 — Triangle Digital, the financial infrastructure for the carbon economy, and Terra Nova International, a methane-abatement company operating one of North America’s largest oil and gas well-plugging programs, today announced a partnership to bring more than 9.2 million tonnes of carbon dioxide equivalent (tCO₂e) of environmental assets to market.
Terra Nova has more than 280,000 orphaned, inactive and
marginal oil and gas wells under contract across the United States and Canada.
By permanently plugging these wells, Terra Nova creates measurable methane
reductions that can be converted into verified carbon credits.
Triangle provides the financial infrastructure that connects
those real-world environmental outcomes to the market.
Triangle’s end-to-end platform transforms the measurable
environmental performance of real-world assets into regulated, financially tradeable digital assets, with carbon as its
flagship market. By connecting Terra Nova’s physical asset base to Triangle’s
infrastructure, verified environmental performance can be brought to market
continuously as it is created, rather than as a one-time issuance, and made available
through the Carbon Pool as demand emerges.
The result is a scalable connection between real-world
methane abatement and the organizations and investors seeking verified
environmental assets.
“Terra Nova is creating measurable environmental value
across an enormous portfolio of real-world assets,” said Darren Wolfberg, Chairman and CEO of Triangle Digital. “Triangle
provides the financial infrastructure that allows that value to continuously
enter the market as it is created. The Carbon Pool then connects that supply to
buyers as demand occurs, giving Terra Nova a more efficient path to monetize
its environmental performance while allowing buyers to acquire or retire only
what they need, when they need it.”
Terra Nova’s credits are supported by monitoring, reporting
and verification and are insured through Lloyd’s of London, underwritten by
Sompo International and Lloyd’s syndicates Brit and Talbot, and arranged by
We2Sure.
Through Triangle, credits can be distributed through
institutional transactions or made available through Triangle’s Carbon Pool, creating continuously available supply for just-in-time acquisition and retirement
in smaller denominations across corporate, digital and transaction-level
workflows. Buyers can access credits as demand occurs instead of pre-purchasing
and warehousing carbon-credit inventory.
“Every well we plug creates a measurable environmental
outcome,” said Terra Nova International. “Connecting our
asset base to Triangle gives us an ongoing pathway to transform those outcomes
into financial assets and bring them efficiently to the global market.”
Initial issuances are expected in the coming months, with
additional assets brought to market as Terra Nova’s well-plugging program
continues to generate verified environmental performance.
About Terra Nova International
Terra Nova International, LLC is a methane-abatement and
environmental asset company engaged in the permanent plugging and abandonment
of orphaned, inactive and marginal oil and gas wells throughout North America.
Terra Nova has more than 200,000 wells under contract in the United States and
more than 80,000 in Canada.
About Triangle Digital
Triangle Digital is the financial infrastructure for the
carbon economy, providing the end-to-end infrastructure that transforms the
environmental performance of real-world assets into regulated, financially
tradeable digital assets.
With carbon as its flagship market, Triangle’s Carbon
Infrastructure-as-a-Service connects measurement, verification, asset creation,
transaction and retirement into a single infrastructure layer. Its Carbon Pool
provides continuous access to verified carbon credits for just-in-time
acquisition and retirement, eliminating the need for customers to pre-purchase
and warehouse carbon-credit inventory before demand occurs.
Media
Contacts
Triangle
Digital
Darren Wolfberg
darren@triangle.digital
(917) 574-0673
Questions people ask
What exactly are Terra Nova and Triangle Digital doing together?
Terra Nova permanently plugs orphaned, inactive and marginal oil and gas wells, which reduces methane emissions and creates measurable environmental outcomes. Triangle Digital supplies the financial infrastructure that converts those outcomes into regulated, tradeable carbon credits and brings them to market on an ongoing basis rather than through a single issuance.
How many wells does Terra Nova have under contract?
Terra Nova has more than 280,000 orphaned, inactive and marginal oil and gas wells under contract, broken down as more than 200,000 in the United States and more than 80,000 in Canada. Each well plugged creates a measurable methane reduction that can be converted into a verified carbon credit.
How much in carbon credits does this partnership bring to market?
The partnership is set to bring more than 9.2 million tonnes of carbon dioxide equivalent of environmental assets to market. This volume comes from Terra Nova's well-plugging program, with additional credits generated continuously as more wells are plugged and verified over time.
What is the Carbon Pool and how does it work for buyers?
The Carbon Pool is Triangle Digital's mechanism for making credits continuously available in smaller denominations for just-in-time acquisition and retirement. Instead of pre-purchasing and warehousing carbon-credit inventory, buyers can acquire or retire only what they need, when they need it, across corporate, digital and transaction-level workflows.
Who verifies and insures Terra Nova's carbon credits?
Terra Nova's credits are supported by monitoring, reporting and verification processes and are insured through Lloyd's of London. The insurance is underwritten by Sompo International and Lloyd's syndicates Brit and Talbot, and arranged by We2Sure.
When will the first credits from this partnership be issued?
Initial issuances are expected in the coming months. Additional environmental assets will be brought to market on an ongoing basis as Terra Nova's well-plugging program continues to generate verified environmental performance, rather than through a single one-time credit issuance.