El Paso Becomes First Natural Gas Company to Achieve CCAR Milestone
January 29 2009 - 1:30PM
Marketwired
The California Climate Action Registry (CCAR) announced that it has
approved and registered the total emissions of El Paso Corporation
(NYSE: EP) for all applicable greenhouse gas (GHG) pollutants in
the U.S., making it the first natural gas company to obtain a
complete CCAR approved GHG emissions inventory. The recognition
covers emissions reported for 2007.
El Paso has been a CCAR member since 2006. In 2007, El Paso
became the first company to earn CCAR's distinction of Climate
Action Leader(TM) for its California emissions and the first
organization in CCAR's history that submitted a certified inventory
without a single error.
"The certification of our total U.S. emissions is a major
milestone for El Paso Corporation," said Doug Foshee, president and
chief executive officer of El Paso Corporation. "It is the
culmination of a rigorous, three-year emissions inventory program
that highlights our continuing commitment to being the neighbor to
have. We believe natural gas will play a critical role in the
nation's efforts to reduce greenhouse gas emissions, and El Paso
will be at the forefront of the development of needed natural gas
infrastructure and associated climate change policies."
"Once again, El Paso has demonstrated its national leadership on
climate change policies and programs as it impacts natural gas. We
applaud this achievement of reporting total U.S. emissions for all
applicable emissions from El Paso's assets in the natural gas
exploration, production, processing, transmission, and storage
segments. El Paso is a pioneer in the area of carbon accounting for
the natural gas industry and has served as a true and committed
leader in addressing climate change," said Gary Gero, president of
the California Climate Action Registry.
CCAR, a private nonprofit organization committed to solving
climate change through emissions reporting and reduction, was
originally created by the State of California in 2001 to protect
and promote companies' and organizations' early actions to
calculate, report and manage their GHG emissions. Emissions reports
are certified by independent third-parties to ensure compliance
with CCAR protocols and standardization across participants and
sectors. Organizations that are willing to meet the accounting
standards and third party certification requirements show their
serious intent to address climate change. CCAR has been widely
recognized as a gold standard for public reporting of GHGs.
El Paso's complete emissions report is available through CCAR's
Web site at
https://www.climateregistry.org/CARROT/public/reports.aspx
The California Climate Action Registry is a private nonprofit
organization committed to solving climate change through emissions
reporting and reduction. It serves as a voluntary greenhouse gas
(GHG) registry for entity-wide emission inventories and also
establishes protocols for GHG emission reduction (offset) projects
through its Climate Action Reserve program. The protocols are
created through a rigorous, transparent process and are widely
regarded as among the highest quality standards for offset
projects. The Climate Action Reserve also accredits and oversees
independent verifiers and tracks the transactions of project offset
inventories, adding confidence and credibility to the voluntary
carbon market. The accuracy, transparency and integrity of all of
the California Registry's standards have earned it the reputation
as a respected and internationally recognized leader in climate
change issues.
The California Climate Action Registry was originally formed by
the State of California in 2001 and is headquartered in Los
Angeles, California. For additional information, please visit
www.climateregistry.org.
El Paso Corporation provides natural gas and related energy
products in a safe, efficient, and dependable manner. El Paso 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.
Contacts: Jennifer Weiss (213) 891-6934
Jennifer@climateregistry.org Richard Wheatley El Paso (713)
420-6828 richard.wheatley@elpaso.com
El Paso (NYSE:EP)
Historical Stock Chart
From Jul 2024 to Aug 2024
El Paso (NYSE:EP)
Historical Stock Chart
From Aug 2023 to Aug 2024