SOURCE: El Paso Corporation

October 09, 2008 16:32 ET

El Paso Corporation Issues Correction to the Carbon Disclosure Project's 2008 Report on Climate Change

HOUSTON, TX--(Marketwire - October 9, 2008) - 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.

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