Investor Presentation

Opportunity to Capture Carbon from Stationary Sources US GHG EMISSIONS mmtpa from point sources 2,622 other 3,936 ~70% of point source emissions are higher potential candidates for carbon capture KINDER MORGAN US GHG EMISSIONS FROM POINT SOURCES mmtpa ■ Ethanol ■ Nat Gas Processing ■ Ammonia Manufacturing ■ Hydrogen Production ■ Cement Production ■ Nat Gas Power ■ Coal Power Other facilities - lower potential for carbon capture CAPTURE OPPORTUNITY... ~1,800 mmtpa, or >90 bcfd, GHG emissions associated with facilities that could be candidates for carbon capture Ethanol facilities and natural gas processing/treating facilities may be economic today under current 45Q Together, these emissions represent ~2 bcfd of CO2 potential Source: EPA GHG Inventory Report and EPA GHG Reporting Program. ...IS TEMPERED BY Facilities are spread out geographically; aggregation is challenged CO2 purity stream varies by facility type, impacts economics Power plants are larger scale opportunities but capture requires high uptime factor, problematic for natural gas peakers - Additionally, coal power plants could face nearer-term retirement 41

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