Iconic Air on Oil and Gas Startups

Oil and Gas Startups Podcast

In this episode, we catch up with Kyle from Iconic Air, returning to the podcast after a significant period of growth and development for both Iconic Air and the broader carbon accounting landscape. With the oil and gas industry facing increasing regulatory scrutiny and market demands for cleaner energy, Iconic Air positions itself as the essential tool for operators to manage their carbon data efficiently and comply with evolving standards.

This episode dives into:

• Kyle's journey with Iconic Air, from its early days as a concept born out of a business plan competition at West Virginia University to securing $5 million in venture capital and growing into a key player in the carbon accounting space.
• The current state of carbon accounting, including the SEC's new regulations requiring carbon data disclosure and how this is equivalent to financial data in terms of company valuation.
• The various carbon accounting frameworks and regulations impacting operators, including the EPA's protocols and the implications of the IRA bill, which introduces waste emissions charges and tighter leak detection and repair timelines.
• The market-driven demand for carbon accounting, beyond regulatory compliance, as energy consumers and financial institutions increasingly tie the cost of capital to emissions, pushing for cleaner energy sources and certified natural gas.
• Iconic Air's approach to simplifying the carbon accounting process for operators of all sizes, offering a "Turbo Tax" solution that aggregates and processes carbon data according to multiple frameworks, making compliance and reporting straightforward and efficient.
• The challenges and opportunities facing Iconic Air and the oil and gas industry as they adapt to the new realities of energy production, sustainability, and environmental stewardship.

Join us as we explore how Iconic Air is helping to navigate the complex and rapidly evolving world of carbon accounting, driving efficiency, and supporting the industry's transition towards more sustainable practices.