Clean Energy Comments on California’s Proposition 10
November 05 2008 - 11:08AM
Business Wire
California voters yesterday turned down Proposition 10. Named The
California Renewable Energy and Clean Alternative Fuels Initiative,
the measure was a $5-billion, first-in-the-nation public investment
to provide funds for a wide variety of clean energy projects across
the state, including consumer incentives for clean alternative
vehicle fuels and the construction of renewable energy generation
facilities, such as solar and wind power plants. �Everyone talks
about reducing the use of imported oil, lowering greenhouse gas
emissions and cleaning the air through the use of alternative
energy resources, and California�s voters considered supporting
these critical goals in a meaningful way,� said Andrew J.
Littlefair, President and CEO, Clean Energy. �The passage of Prop
10 would have provided an important funding mechanism to rapidly
turn these goals into a reality throughout the state.� �We
supported the initiative, and while Prop 10 may have served as a
catalyst to accelerate our growth, its failure does not reduce our
opportunities. We believe our core business is strong and pledge to
continue to help California and the nation meet our critical goals
of reducing imported oil while increasing the use of clean,
alternative energy for the health and welfare of all our citizens,�
Littlefair noted. Clean Energy Fuels Corp. (Nasdaq:CLNE) is the
leading provider of natural gas (CNG and LNG) for transportation in
North America. It has a broad customer base in the refuse, transit,
ports, shuttle, taxi, trucking, airport and municipal fleet
markets, fueling more than 14,000 vehicles daily at over 170
strategic locations across the United States and Canada. Clean
Energy del Peru, Clean Energy�s Peruvian joint venture, operates
the world�s largest natural gas fueling station in Lima, Peru.
Information at: www.cleanenergyfuels.com Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 that involve risks,
uncertainties and assumptions. Actual results and the timing of
events could differ materially from those anticipated in these
forward-looking statements, including our future growth and
opportunities. The forward-looking statements made herein speak
only as of the date of this press release and the company
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
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