Bi-Partisan Bill Introduced in U.S. Senate to Encourage the Use of Ultra-Low Carbon RNG in Transportation
23 Mayo 2024 - 5:30AM
Business Wire
U.S. Senate Bill S. 4389 was introduced yesterday by Senators
Mark Warner (D) from Virginia and Thom Tillis (R) from North
Carolina, which will provide a $1.00 per gallon tax credit for the
use of renewable natural gas (RNG) as a transportation fuel. A
companion bill was introduced in the U.S. House earlier in the
session by Representatives Linda Sanchez (D) from California and
Brian Fitzpatrick (R) from Pennsylvania.
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the full release here:
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A renewable natural gas (RNG) fueling
dispenser. (Photo: Business Wire)
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 “Renewable Natural Gas Incentive Act
of 2024”:
“At a time when other alternative fuels are having difficulty
finding their footing in the heavy-duty vehicle market, RNG is
being accepted more and more by fleets that want to reduce their
carbon emissions. A robust RNG fueling infrastructure has been
built across the country with more stations being added regularly.
And a new larger engine that operates on RNG manufactured by
Cummins is hitting the market this summer so, the time is ripe for
Congress to give a boost to the use of this remarkable fuel.
“No other fuel eliminates greenhouse gas emissions both at the
source and on the road the way RNG does, giving it the best
carbon-intensity score of any fuel available in significant
quantities. On top of that, the production of it is giving an
economic lift to the country’s agricultural industry, particularly
dairies, and creating jobs in rural areas.
“We applaud the bi-partisan way the RNG Incentive Act of 2024
began with strong authors in the Senate and the House and encourage
continued support as it works its way through to become law of the
land.”
RNG is derived from capturing the biogenic methane produced by
decomposition of organic waste from dairies, landfills, and
wastewater treatment plants. It can reduce climate-harming
greenhouse gas emissions by over 300 percent depending on the
source of the RNG, making it a negative carbon-intensity fuel.
Thousands of medium- and heavy-duty vehicles operate on it every
day by transit agencies in dozens of cities like New York, Los
Angeles, San Diego and Dallas, waste companies like WM and Republic
Services, and logistics companies like UPS, Amazon, Saia Trucking
Services, and Saddle Creek Logistics Services.
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
capturing methane 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 as well as RNG production facilities at
dairy farms. Visit www.cleanenergyfuels.com and follow
@ce_renewables on X and LinkedIn.
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 without limitation
statements about: the potential development of the consumer market
for RNG; the timing and status of station construction; the growth
and market of natural gas engines; the environmental, economic, and
other benefits of Clean Energy’s fuels; the availability of
environmental, tax and other government regulations, programs and
incentives; and the impacts of legislative and regulatory
developments. Actual results and the timing of events could differ
materially from those anticipated in these forward-looking
statements. The forward-looking statements made herein speak only
as of the date of this press release and, unless otherwise required
by law, Clean Energy undertakes no obligation to publicly update
such forward-looking statements to reflect subsequent events or
circumstances. Additionally, the reports and other documents Clean
Energy files with the SEC (available at www.sec.gov) contain risk
factors, which may cause actual results to differ materially from
the forward-looking statements contained in this news release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240523269718/en/
Media contact: Kimberly Fleer 1-949-437-1447
Kimberly.fleer@cleanenergyfuels.com
Investor contact: Thomas Driscoll 1-949-437-1191
Thomas.driscoll@cleanenergyfuels.com
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