Wells Fargo Aims to Reduce Its U.S. Based Greenhouse Gas Emissions by 20 Percent

Continues Focus on Reducing Environmental Footprint by Launching Solar Energy
Pilot, Extending Efforts to Make Retail Banking Stores Greener
SAN FRANCISCO--(Business Wire)--
Wells Fargo & Company (NYSE: WFC) announced today that it has set a goal to
reduce its U.S.-based greenhouse gas emissions by 20 percent below 2008 levels
by 2018. The Company is focusing on reducing its carbon footprint as part of its
continued environmental commitment to lead by example and to fulfill its pledge
as a member of the U.S. Environmental Protection Agency`s (EPA`s) Climate
Leaders program, which Wells Fargo joined last year.

Wells Fargo is also installing solar photovoltaic (PV) systems on 10 banking
stores in Denver. Combined the systems will generate about 300,000 kilowatt
hours of clean, renewable energy each year, or the equivalent of avoiding about
450,000 pounds of carbon dioxide emissions annually.

The Wells Fargo and Wachovia merger integration is providing an important
opportunity to make the combined company`s banking stores greener. Sixteen of
the first Wachovia banking stores to convert to the Wells Fargo brand are
registered under the U.S. Green Building Council LEED for Existing Buildings
Operations and Maintenance (EBOM) program, indicating that renovations follow
best practices for energy and environmental design. Store improvements include
energy and water system efficiency expected to yield up to 15 percent savings in
each store.

"The health of our environment very much affects the health of our communities
and our long-term business success," said Mary Wenzel, director of Environmental
Affairs. "We want to do everything we can to be responsible environmental
stewards and help address climate change."

Wells Fargo`s greenhouse gas emission reduction efforts include:

* Encouraging customers to chose online-only statements and use Envelope-FreeSM
ATMs to make deposits, both of which save energy
* Educating and engaging team members about actions they can take to help reduce
energy use at work and at home
* Buying energy efficient office and building equipment and evaluating energy
consumption as part of requests for proposals from suppliers
* Reducing business travel by air by taking greater advantage of video
conferencing
* Building energy efficient, LEED certified stores
* Investing in renewable energy projects at our own facilities
* Managing data centers for energy efficiency
* Upgrading facilities for energy efficiency and use of energy saving lights and
light sensors

Greenhouse gas emissions trap the sun's energy and cause rising surface
temperatures. Wells Fargo`s emissions primarily come from electricity use, in
other words indirect emissions from the generation of electricity purchased
through utilities. As power sources become cleaner and as the Company uses less
electricity its emissions will go down.

Wells Fargo & Company is a diversified financial services company with $1.3
trillion in assets, providing banking, insurance, investments, mortgage and
consumer finance through more than 10,000 stores and 12,000 ATMs and the
internet (wellsfargo.com) across North America and internationally.

The Company works with thousands of communities across North America to promote
economic self-sufficiency, education, social services, the arts and the
environment. Since 2006, the Company has provided $5 billion in loans and
investments for environmentally beneficial business opportunities, including
$1.6 billion for solar and wind projects and $3 billion to support
LEED-certified buildings. Wells Fargo ranks #1 among banks and insurance
companies - and #13 overall - in Newsweek magazine`s inaugural Green Rankings of
the country`s 500-largest companies. For more about Wells Fargo`s environmental
initiatives: www.wellsfargo.com/environment.

Wells Fargo
Stephanie Rico, 415-396-5804 (Media)

Copyright Business Wire 2009