El Paso Corp. (ticker: EP, exchange: New York Stock Exchange (.N))
News Release -
6-Sep-2006
El Paso Corporation Joins California Registry LOS ANGELES, Sept. 6 /PRNewswire-FirstCall/ -- El Paso Corporation
(NYSE: EP) has joined the California Climate Action Registry (Registry), a
distinguished group of organizations demonstrating leadership by voluntarily
taking action on climate change. El Paso, the nation's largest interstate
natural gas pipeline company and owner of a leading independent oil and
natural gas exploration and production business, is the first natural gas
company to participate in this rigorous program.
As a member, El Paso will work with the Registry to annually track,
report, and certify its greenhouse gas (GHG) emissions. El Paso will begin
reporting greenhouse gas emissions to the Registry in 2008.
El Paso has been active in advancing dialogue on greenhouse gas emissions
and development of GHG emissions quantification standards within the
interstate natural gas pipeline industry. El Paso has demonstrated its
stewardship in minimizing methane through its participation in the U.S.
Environmental Protection Agency's Natural Gas STAR program and various
internal initiatives. Thus far, El Paso estimates that it has saved more than
26.4 billion cubic feet of natural gas -- equivalent to removing 2.4 million
cars from the roads.
"El Paso believes in advancing constructive debate and greater
understanding of global warming issues and, specifically, greenhouse gas
emissions," said Doug Foshee, president and chief executive officer of El
Paso. "We are committed to being an active participant in that debate and to
developing sound, technology-based solutions that benefit the nation,
consumers, and industry."
"For perspective," Foshee added, "natural gas has the lowest GHG and air
emissions intensity of all fossil fuels and provides about 25 percent of all
the energy used in the United States today. Natural gas will continue to play
a pivotal role in the nation's energy infrastructure and solution to future
greenhouse gas management and air quality strategies. We are proud to be the
first natural gas company to be part of the California Climate Action
Registry."
"Transmission and use of natural gas are significant sources of greenhouse
gas emissions here in California, and it's important for us to better track
those sources," said Diane Wittenberg, president of the California Climate
Action Registry. "El Paso is leading its industry by participating in the
Registry, and will also play an important role in helping with development of
our GHG accounting standards for the natural gas transmission and distribution
sector in the coming months."
The Registry, created by the California legislature in 2000, helps
companies and organizations throughout the United States to track, publicly
report, and reduce their greenhouse gas emissions. The reports are certified
by independent third-parties to ensure compliance with Registry protocols and
standardization across participants and sectors. The Registry has been widely
recognized as a gold standard for public reporting of greenhouse gases.
El Paso Corporation provides natural gas and related energy products in a
safe, efficient, and dependable manner. The company owns North America's
largest natural gas pipeline system and one of North America's largest
independent natural gas producers. http://www.elpaso.com
The California Climate Action Registry is a non-profit public/private
partnership that serves as a voluntary greenhouse gas (GHG) registry to
protect, encourage, and promote early actions to reduce GHG emissions. Over
85 major companies, cities, government agencies and non-governmental
organizations (NGOs) quantify and publicly report their GHG emissions through
the Registry. http://www.climateregistry.org
SOURCE El Paso Corporation
-0- 09/06/2006
/CONTACT: Joel Levin of California Climate Action Registry,
+1-213-891-6927; or Richard Wheatley of El Paso Corporation, +1-713-420-6828/
/Web site: http://www.elpaso.com
http://www.climateregistry.org /
(EP)
CO: El Paso Corporation; California Climate Action Registry
ST: Texas, California
IN: OIL UTI ENV
SU: NPT
GN-AW
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