El Paso Becomes First Natural Gas Company to Achieve CCAR Milestone
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/CARR...c/reports.aspx