Clean Energy Applauds Bipartisan Senate Bill Supporting Renewable Natural Gas Tax Credit to Help Fight Climate Change
July 21 2022 - 6:30AM
Business Wire
Senators Richard Burr (R) from North Carolina and Mark Warner
(D) from Virginia introduced today the “Renewable Natural Gas
Incentive Act of 2022” in the United States Senate, which provides
a $1 per gallon tax credit for renewable natural gas (RNG) used as
a transportation fuel. Andrew J. Littlefair, CEO and president of
Clean Energy Fuels Corp. (NASDAQ: CLNE), the country’s largest
provider of RNG, issued a statement in support of the bill:
“Renewable natural gas is gaining momentum as a transportation
fuel because it tackles the issue of climate change immediately and
cost effectively. Large fleets like UPS, Amazon, Waste Management
and the transit agencies in New York City and LA are operating tens
of thousands of vehicles every day with it. But more should be done
to encourage the use of this incredibly clean fuel and this
legislation introduced by Senators Warner and Burr does that.
“Because RNG captures harmful greenhouse gases at the source –
like dairies and other agriculture facilities – and at the vehicle,
it is rated the cleanest fuel in the world, many times cleaner than
electric vehicles. The tax credit in SB 4568 should give the
transportation industry a turbo charge to make the switch to RNG,
while adding much needed support for the country’s dairy
farmers.
“The bipartisan approach to this legislation demonstrates the
win-win-win nature of RNG – addressing climate change, providing an
affordable alternative fuel for U.S. fleets, and helping our
farmers. We applaud Senators Warner and Burr and encourage quick
adoption.”
RNG is derived from capturing the biogenic methane produced by
the decomposition of organic waste from dairies, landfills, and
wastewater treatment plants. It can reduce climate-harming
greenhouse gas emissions by at least 60 percent, and even up to 400
percent depending on the source of the RNG, making it a
carbon-negative fuel.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of
the cleanest fuel for the transportation market. Our mission is to
decarbonize transportation through the development and delivery of
renewable natural gas (RNG), a sustainable fuel derived from
organic waste. Clean Energy allows thousands of vehicles, from
airport shuttles to city buses to waste and heavy-duty trucks, to
reduce their amount of climate-harming greenhouse gas. We operate a
vast network of fueling stations across the U.S. and Canada. Visit
www.cleanenergyfuels.com and follow @ce_renewables on Twitter.
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Clean Energy Contact: Raleigh Gerber 949-437-1397
raleigh.gerber@cleanenergyfuels.com
Investor Contact: Investors@cleanenergyfuels.com
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