Company Shares Key Environmental and Economic Objectives of USCAP's Report and Principles DENVER, Jan. 22 /PRNewswire-FirstCall/ -- Evergreen Energy Inc. (NYSE:EEE), a leader in providing cost effective solutions for coal-electricity energy and environmental needs, today applauded the U.S. Climate Action Partnership (USCAP) following the unveiling of the organization's principles and recommendations to reduce greenhouse gas emissions. Evergreen Energy uses a commercial proprietary process to produce "refined coal" K-Fuel(R), that burns with greater energy efficiency and lower emissions than raw, low-rank coal. "The report issued today helps to define a shared set of goals to better meet our nation's growing energy demands while also embracing greater environmental stewardship," said Mark Sexton, chairman and CEO of Evergreen Energy. "In attempting to balance today's clean energy supply needs, we must recognize the immediate economic and environmental opportunities available through technological innovations. It's more effective to avoid creating greenhouse gases in the first place than to sequester them after they're made." The USCAP is comprised of a cross section of leading business and environmental organizations, including Alcoa, BP America, Caterpillar, Duke Energy, DuPont, FPL Group, General Electric, Lehman Brothers, PG&E, PNM, Environmental Defense, the Natural Resources Defense Council, the Pew Center on Global Climate Change, and the World Resources Institute. Core principles of the report issued today include: * Account for the global dimensions of climate change; * Recognize the importance of technology; * Be environmentally effective; * Create economic opportunity and advantage; * Be fair to sectors disproportionately impacted; and * Recognize and encourage early action. "Evergreen Energy's business model and refined coal product, K-Fuel(R), are fully aligned with USCAP's principles and recommendations," said Sexton. "By treating coal before it is burned, the K-Fuel(R) process increases energy content and diminishes harmful pollutants." The USCAP report, titled, A Call for Action, stated, "The cost-effective deployment of existing technologies to improve energy efficiency and reduce GHG emissions should be a priority, as it will yield emission reductions in the near-term while new technologies are developed." "We must understand that there is no single solution that will fully address the challenges we face," added Sexton. "We must therefore address important issues such as global warming in context with the reality of today's existing energy demands, supply and resources. Evergreen Energy is a leader in this regard, having already brought to market an innovative technology to make coal burn cleaner with more efficiency. In the process, we are helping the electric generating industry meet the need for reductions of mercury and reductions of emissions of carbon dioxide, sulfur dioxide and nitrogen oxides." "Coal will remain a significant energy source for decades," added Dr. Patrick Zimmerman, director of the Institute of Atmospheric Sciences in Rapid City, S.D. Dr. Zimmerman also serves as chief executive officer of C-Lock Inc., a company that focuses on developing methods to stimulate the private sector to take action to slow down climate change. "A key challenge is to maximize energy production efficiency while minimizing carbon dioxide emissions. The use of K-fuel(R) will significantly contribute to that goal." About Evergreen Energy Inc. Evergreen Energy is leveraging a vertically integrated, coal-based platform to deliver combined energy, environmental and economic solutions, producing cleaner, efficient and affordable energy. Evergreen Energy is meeting the specific needs of vital industrial, international and public utility market customers. Our proprietary K-Fuel(R) process uses heat and pressure to physically and chemically transform high moisture, low Btu coals into a more energy efficient, lower emission fuel. A co-benefit of the K-Fuel(R) process is the removal of significant amounts of mercury and reductions in the emissions of carbon dioxide, sulfur dioxide and nitrogen oxides. Visit http://www.evgenergy.com/ for more information. DATASOURCE: Evergreen Energy Inc. CONTACT: Analysts and Investors, Karli Anderson, Director, Investor Relations, +1-303-293-2992; or Media and Public Affairs, Paul Jacobson, VP, Corporate Communications, +1-303-293-2992, both of Evergreen Energy Inc. Web site: http://www.evgenergy.com/

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