U.S. Senate Committee Hears from Evergreen Energy and C-Lock Technology about Green Jobs, Near Term Cleaner Coal Solutions and Credibility for Carbon Credits Markets

Business Wire, August 14, 2007

SAN JOSE, Calif. -- Top executives from Evergreen Energy Inc. (NYSE Arca: EEE) and its wholly owned subsidiary C-Lock Technology Inc. told a U.S. Senate Environment Committee field hearing in San Jose, California today that the country should take advantage of immediately available technologies to address global warming and create a stable, credible U.S. market for trading greenhouse gas emissions reduction credits.

Kevin R. Collins, president and CEO of Evergreen, and Dr. Patrick Zimmerman, chief technology officer of C-Lock, appeared before the U.S. Senate Committee on Environment and Public Works field hearing on "Green Jobs from Action on Global Warming."

Evergreen refines lower-rank coals to improve their heating efficiency and environmental performance. C-Lock uses a patented process to measure and verify greenhouse gas reduction credits so they can be bought and sold credibly on the world's emerging carbon markets.

Collins -- Refined Coal's Immediate Solution

In prepared testimony, Collins said that refined coal is a unique American technology, financed by the private sector, "that provides energy, environmental, economic and job creation benefits right now. It's a pre-combustion approach that transforms our traditional view of the coal-fuel cycle by improving efficiency and environmental performance. The solution is available not 5, 10 or 15 years from now, but today."

Collins warned that although there has been much focus on long-term solutions to make coal cleaner, the country should also take advantage of more immediately available technologies, like refined coal, that through efficiency reduce greenhouse gas emissions and other pollutants on a kilowatt per hour generated basis.

"This country must have a balanced portfolio of clean coal technology options comprised of pre-combustion, combustion and post-combustion technologies that will offer solutions today, years from now and decades into the future," he added.

Zimmerman -- Carbon Credits Markets Must Be Credible

Zimmerman, who invented the C-Lock technology while head of the Institute of Atmospheric Science at the South Dakota School of Mines and Technology, said C-Lock stood as a good example of how a federal cap-and-trade greenhouse gas system will spur new technology and new job creation. He warned, however, that any carbon credits market that evolves from cap-and-trade legislation must be credible or it will lose public support.

To ensure emerging carbon credit markets are credible, Zimmerman said the actual credits must meet high standards based on accurate quantification, independent third-party verification and sound science.

He added that action to reduce CO2 must be taken now -- and the agriculture-based methodology developed by C-Lock holds the potential to measure and verify billions of tons of CO2 sequestration by American agriculture, while simultaneously creating new jobs for business, financial, engineering and mathematical professionals and a new income source for farmers.

Copies of Collins' and Zimmerman's testimony are available on the Evergreen Energy web site at www.evgenergy.com.

About Evergreen Energy Inc.

Evergreen Energy Inc. (NYSE Arca: EEE) refines coal into a cleaner, more efficient and affordable solid fuel that is available today to meet the growing energy demands of industrial and utility customers while addressing important environmental concerns. Visit www.evgenergy.com for more information.

About C-Lock Technology Inc.

C-Lock Technology Inc., a wholly owned subsidiary of Evergreen Energy Inc., is developing its web-based carbon accounting and marketing tool for agriculture and industry, including the energy industry and specifically Evergreen Energy's cleaner coal business.