Waste Management Joins Chicago Climate Exchange

Date: January 16, 2003

Source: News Room

Waste Management Inc. (NYSE: WMI) is one of 14 companies to join the Chicago Climate Exchange as a founding member. CCX is a non-governmental entity established to develop a voluntary marketplace for reducing and trading greenhouse gas emissions. In July 2001, Waste Management became one of the original design phase members of CCX. Waste Management committed to reduce its emissions of greenhouse gases by four percent below the average of its 1998-2001 baseline by 2006, the last year of the pilot program. Waste Management also will be able to receive credit for its reductions and to buy and sell credits in order to find the most cost-effective way of achieving reductions.

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