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Ingersoll Rand Supports Newly Proposed U.S. Energy-Efficiency Legislation from Shaheen (D-N.H.) and Portman (R-Ohio)

  Ingersoll Rand Supports Newly Proposed U.S. Energy-Efficiency Legislation
  from Shaheen (D-N.H.) and Portman (R-Ohio)

Business Wire

WASHINGTON -- April 19, 2013

Ingersoll-Rand plc (NYSE:IR), a world leader in creating and sustaining safe,
comfortable and efficient environments, is supporting new bipartisan
energy-efficiency legislation, introduced by Sens. Jeanne Shaheen (D-N.H.) and
Rob Portman (R-Ohio). The Energy Savings and Industrial Competitiveness Act of
2013, S.761, will provide improved workforce training, enhanced financing
mechanisms and additional technical assistance to help building and industrial
companies achieve greater energy efficiency in residential and commercial
buildings. In addition, the legislation will incentivize new technologies to
lower costs for manufacturers leading to reductions in the nation’s greenhouse
gas emissions.

The Shaheen-Portman bill focuses on encouraging industrial energy-efficiency
upgrades through tax credits and state grant programs, research and
development funding and more stringent efficiency standards for new building
codes. Specifically, the bill calls for:

  *strengthening national model building codes to make new homes and
    commercial buildings moreenergy efficient while working with states and
    private industry to make the code-writing processmore transparent;
    creates a goal of achieving net-zero-energy building by 2030;
  *providing competitive funding to states in support of commercial building
    energy-efficiency financing;
  *encouraging the Department of Energy (DOE) to work with private sector
    partners to invest in the research, developmentand commercialization of
    innovative energy-efficient technology and processes for
    industrialapplications; and
  *establishing a volunteer DOE program – SupplySTAR – to help improve the
    efficiency of corporate supply chains.

“We believe that responsible policy can play a critical role in helping
businesses reap the benefits of energy efficiency,” said John Conover, senior
vice president, Ingersoll Rand and chairman of the company’s Sustainability
Council. “This bi-partisan bill will offer significant incentives to address
the inefficiencies in residential and commercial buildings that account for
more than 40 percent of the total U.S. energy consumption and 40 percent of
the total U.S. greenhouse gas emissions.”

The bill will provide a solid framework for President Obama’s proposal for a
$200 million competitive state grant program designed to spur
energy-efficiency upgrades at industrial facilities. This energy-efficiency
state grant program, unveiled during President Obama’s State of the Union
address in February, is similar in design to the President’s “Race to the Top”
program for education that rewards States for implementing significant
reforms. President Obama also included the energy-efficiency state grant
program in the fiscal 2014 White House budget proposal.

About Ingersoll Rand Ingersoll Rand (NYSE:IR) advances the quality of life by
creating and sustaining safe, comfortable and efficient environments. Our
people and our family of brands—including Club Car®, Ingersoll Rand®,
Schlage®, Thermo King® and Trane® —work together to enhance the quality and
comfort of air in homes and buildings; transport and protect food and
perishables; secure homes and commercial properties; and increase industrial
productivity and efficiency. We are a $14 billion global business committed to
a world of sustainable progress and enduring results. For more information,
visit www.ingersollrand.com.

Contact:

Ingersoll Rand
Christopher Tessier, 704-877-7216
christopher.tessier@irco.com
 
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