El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
9-Oct-2008
El Paso Corporation Issues Correction to the Carbon Disclosure Project's 2008 Report on Climate ChangeHOUSTON, TX, Oct 09, 2008 (MARKET WIRE via COMTEX News Network) -- El Paso Corporation (NYSE: EP) today issued a correction regarding
information included in the Carbon Disclosure Project's 2008 Report
on greenhouse gas emissions and climate change-related strategies.
In Section 9, Appendix I, page 100 of the printed report, El Paso's
total emissions were incorrectly printed as 149.1 million tonnes of
carbon dioxide equivalents (CO2e). El Paso's 2006 emissions from its
current assets were 15.6 million tonnes of CO2e.
The online version of the Carbon Disclosure Project's 2008 Report has
been updated to reflect the correct emissions. El Paso's responses to
the Carbon Disclosure Project's Annual Information Request, sent on
behalf of institutional investors and purchasing organizations, and
its corrected emissions figures can be found at www.cdproject.net.
El Paso's participation in the Carbon Disclosure Project's report
builds on the company's continuing commitment to environmental
stewardship and sustainability. In the last two years alone, El
Paso:
-- Committed to developing the $3 billion proposed Ruby Pipeline as a
carbon-neutral project by mitigating the future emissions through a
portfolio of technologies and market-based options;
-- Achieved the distinction in 2007 of being the first company to earn
Climate Action Leader status by the California Climate Action Registry;
-- Issued its first corporate sustainability report, "Building a Legacy,"
which details the company's economic, social, and environmental impact
using the most current information available for calendar year 2007. The
report was prepared with reference to the Global Reporting Initiative's G3
Guidelines and can be accessed under the Sustainability tab on El Paso's
website;
-- Was named one of America's Most Admired Companies by FORTUNE Magazine,
ranking first among its peers in the category of social responsibility; and
-- Ranked among the top 20 of the EPA's list of Best Workplaces for
Commuters (the third consecutive year).
El Paso Corporation provides natural gas and related energy products
in a safe, efficient, and dependable manner. The company owns North
America's largest interstate natural gas pipeline system and one of
North America's largest independent natural gas producers. For more
information, visit www.elpaso.com.
The Carbon Disclosure Project, founded in 2000, represents some 385
global institutional investors, with more than $57 trillion in assets
under management. As an independent not-for-profit organization, CDP
collects key climate change data from more than 1550 major
corporations around the globe and has assembled the largest corporate
greenhouse gas emissions database in the world. CDP also works with
multinational organizations to facilitate the collection of climate
change relevant data from their supply chain.
Contacts
Investor and Media Relations
Bruce L. Connery
Vice President
Office: (713) 420-5855
Media Relations
Richard Wheatley
Manager
Office: (713) 420-6828
SOURCE: El Paso Corporation
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El Paso Corp.
