The approach aims to enhance the credibility and reliability of carbon credits by guaranteeing their authenticity and permanence. By mitigating risks such as devaluation or invalidation, the “Insured Carbon” program provides investors and buyers with increased confidence in the voluntary carbon market.
WDF plugs orphaned oil and gas wells, immediately stopping their greenhouse gas emissions – and has a robust reputation for producing high-integrity carbon credits. The credits undergo rigorous third-party validation and verification processes, ensuring they meet the highest environmental standards.
AgriCap Group, a Minnesota-based company that develops risk management solutions for agribusiness, introduced “Insured Carbon,” a program that safeguards carbon credit projects focused on mitigating methane emissions from orphaned and abandoned oil and gas wells, as well as those damaged by earthquakes. The program leverages parametric insurance provided by AXA to enhance the reliability and value of these carbon credits.
“Insured Carbon” credits are further enhanced by blockchain technology, enabling secure and transparent tracking and transfer of ownership.

“We are proud to be the first orphaned well nonprofit and offer these innovative insured, high-integrity carbon credits backed by reinsurance support from AgriCap Group that deliver a truly market-based orphan well solution,” said Curtis Shuck, Founder and Chairman of WDF.
He continued: “This groundbreaking initiative not only ensures transparency and reliability for our carbon credit buyers but also reinforces our commitment to solving two critical challenges: addressing climate change and mitigating the environmental impact of orphaned wells.
“By partnering with AgriCap Group, we are setting a new standard for accountability and innovation in the carbon markets while advancing sustainable solutions for a better future.”
Join AXA Leaders in London at Insurtech Insights Europe 2025
Join AXA’s Chief Sustainability Officer, European Markets and Health, Mirjam Bamberger, as she takes to the stage to discuss and debate sustainability challenges, at Insurtech Insights Europe, 2025, at the InterContinental London – The 02 on March 19-20.