Clean Energy Applauds Proposed Federal Legislation to Significantly Increase Natural Gas Vehicle Use in America
April 02 2009 - 8:00AM
Business Wire
Clean Energy Fuels Corp. (Nasdaq:CLNE) announced strong support
for the New Alternative Transportation to Give Americans Solutions
(NAT GAS) Act introduced in Congress on Wednesday.
Seeking to accelerate the production and use of natural
gas-fueled vehicles, the bi-partisan-sponsored legislation would
greatly enhance alternative fuel tax credits for natural gas used
as a vehicle fuel, for the purchase of natural gas-fueled vehicles,
and for the installation of natural gas vehicle refueling
properties. The bill would also encourage OEMs to produce dedicated
natural gas and bi-fuel natural gas vehicles, and require federal
government use of natural gas vehicles in a portion of its
fleets.
�Worldwide, natural gas vehicle use is expanding dramatically.
Natural gas vehicle solutions are no longer in the proof of concept
stage, but rather are being rapidly adopted by many countries
seeking to reduce petroleum use and improve the environment,� said
Andrew J. Littlefair, Clean Energy president and CEO. �The support
by the federal government through this legislation can have a
meaningful impact on how we as Americans manage our energy
resources, swapping more expensive imported oil for less costly
domestic natural gas � an abundant, American transportation
fuel.�
Clean Energy (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 15,000 vehicles daily at 176 strategic locations across the
United States and Canada. Clean Energy owns and operates two LNG
production plants, one in Willis, TX and one in Boron, CA, with
combined capacity of 260,000 LNG gallons per day and designed to
expand to 340,000 LNG gallons per day as demand increases. It also
owns and operates a landfill gas facility in Dallas, TX that
produces renewable methane gas or biogas for delivery in the
nation�s gas pipeline network. Please visit
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,
including statements about the adoption of natural gas vehicle
solutions, the relative prices of domestic natural gas and imported
oil and the impact of the NAT GAS act, if passed by Congress.
Actual results and the timing of events could differ materially
from those anticipated in these forward-looking statements as a
result of several factors including any amendments made to the
draft legislation, the failure of the legislation to pass or
developments in the global and domestic commodities markets for oil
and natural gas. 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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