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FedEx Kinko's Grows Green Power Commitment through New Purchases

Press release from the issuing company

DALLAS--Jan. 10, 2006-- FedEx Kinko's, an operating company of FedEx Corp., today announced new renewable energy purchases at more than 100 locations nationwide, increasing its total green power commitment by 67.5 percent to an estimated 40 million kilowatt-hours (kWh) per year. Renewable energy or green power is energy derived from any natural, non-fossil fuel resource that continually reproduces itself over time. Sources of renewable energy include the sun, wind and water. "By increasing our green power use, FedEx Kinko's is helping to reduce the amount of pollutants emitted into the environment," said John Gomez, FedEx Kinko's regional vice president of operations in Southern California. "Renewable energy purchases reduce our environmental footprint while helping to develop domestic energy sources that foster energy independence and economic development in the communities we service." Already a leading green power purchaser, FedEx Kinko's recently agreed to purchase 10.8 million kWh of Green-e certified renewable energy certificates (RECs) for 88 of its locations in Southern California. The new purchase will provide 50 percent of the annual electricity consumption for those centers. FedEx Kinko's expanded its renewable energy purchases in locations throughout the U.S., including 10 in Seattle, 10 in Wisconsin, seven in Tennessee and one in Pasadena, Calif. The company now buys renewable energy equal to approximately 14 percent of its total annual U.S. electricity needs. And 404 - or more than 30 percent - of the company's U.S. retail locations now purchase green power or RECs. As a result of these new purchases, FedEx Kinko's now expects to avert more than 26,000 tons of carbon dioxide (CO2) emissions each year. That's equivalent to the power used by over 3,900 U.S. households in a 12-month period. FedEx and the Environment FedEx recognizes effective environmental management as a global corporate priority and is actively involved in environmental innovations and technologies. In 2004, FedEx Express introduced the FedEx OptiFleet E700, an environmentally-superior delivery truck, into its delivery fleet. The new vehicle is expected to decrease particulate emissions by 96 percent, reduce smog-causing emissions by 65 percent, and travel 57 percent farther on a gallon of fuel, reducing fuel costs by over a third. In 2005, FedEx Express unveiled California's largest corporate solar electric system at its hub at Oakland International Airport. Later that year, The United States Environmental Protection Agency and the United States Department of Energy recognized the FedEx Express solar hub with The 2005 Green Power Leadership Award for green power purchasing. FedEx Kinko's history includes a long-standing dedication to protecting the environment. In 2003, FedEx Kinko's adopted a Forest-based Products Procurement Policy, which includes vendor requirements surrounding sustainable forest management practices and a central set of recycled content standards. Other initiatives include continuous improvement in energy conservation, using and promoting the sale of recycled products, and minimizing and recycling waste.

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