| Clean Energy Welcomes Passage of Alternative Fuel Tax Credit by Congress | |
| | |
|
--(BUSINESS WIRE)-- ., (: CLNE) today applauded the passage by the of an alternative fuel tax credit which will continue to support the use of natural gas, a cleaner and domestic transportation fuel option. The credit is retroactive to 2015 and extends through 2016 and applies to compressed natural gas (CNG) and liquefied natural gas (LNG). With an anticipated signature by , the tax credit will cap a successful year for Clean Energy that includes the completion of 68 station projects and adding over 3,000 vehicles to the Clean Energy fueling network, despite facing the headwinds of lower diesel prices. As , the executive director and CEO of the recently said, '…one of the remarkable things that has occurred this year is that despite the declining price of diesel, the purchase of natural gas fueled waste collection vehicles has remained steady as companies and local governments seek to reduce carbon footprint, reduce emissions and reduce costs.'
'The tax credit will support the continued expansion of natural gas fueling in the U.S., which will help to clean our air and keep dollars here,' said , president and CEO of Clean Energy. 'We applaud for taking this action and encourage the implementation of permanent measures to encourage further use of this superior and cleaner fuel.'
Natural gas fuel costs up to less per gallon than gasoline or diesel, depending on local market conditions. The use of natural gas fuel not only reduces operating costs for vehicles, but also reduces greenhouse gas emissions up to 30% in light-duty vehicles and 23% in medium to heavy-duty vehicles. In addition, nearly all natural gas consumed in is produced domestically.
About Clean Energy
(Nasdaq: CLNE) is the leading provider of natural gas fuel for transportation in . We build and operate compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations; manufacture CNG and LNG equipment and technologies for ourselves and other companies; develop renewable natural gas (RNG) production facilities; and deliver more CNG, LNG and Redeem™ RNG fuel than any other company in the U.S. For more information, visit www.cleanenergyfuels.com.
View source version on businesswire.com : http://www.businesswire.com/news/home/20151218005729/en/
Clean Energy Media Contact:, 949.437.1411
[email protected]
or
Clean Energy Investor Contact:, 949.437.1403
[email protected]
Source:
News Provided by Acquire Media
|
|
|
Clean Energy Fuels
|
|
|
CODE : CLNE |
ISIN : US1844991018 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Clean Energy is based in United states of america. Clean Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 335.4 millions as of today (€ 315.1 millions). Its stock quote reached its highest recent level on September 05, 2014 at US$ 9.99, and its lowest recent point on March 13, 2020 at US$ 1.05. Clean Energy has 151 085 558 shares outstanding. |