News Release
Clean Energy Pledges to Support President Obama's Call for a Secure Energy Future
Seal Beach, CA (March 30, 2011) -- Responding to President Barack Obama's call today to "secure our energy future" by reducing imported petroleum by one-third, Clean Energy Fuels Corp. (Nasdaq: CLNE) has pledged to increase its program to provide natural gas fueling services and infrastructure across the United States.
Half of the oil used in the United States last year was imported, according to the President, and 70% of petroleum consumption was for transportation. Every gallon of domestic natural gas fuel used means one less gallon of oil-based fuel that needs to be imported.
Clean Energy is the nation's largest provider of natural gas fueling services for transportation. The Company focuses on fueling heavy-duty vehicles, such as freight trucks, transit buses and refuse trucks, which consume large amounts of oil-based diesel fuel.
"We have been growing our services since 1997 to introduce and deploy natural gas fueling widely in America," said Andrew J. Littlefair, Clean Energy President and CEO. "Our clear commitment is to continue to grow our infrastructure and increase America's use of this abundant, domestic energy resource."
President Obama also cited the efforts of Clean Energy's co-founder, Boone Pickens, and of many key government leaders in the effort to reduce petroleum use.
In his prepared remarks, the President said, ".... the potential here is enormous. It's actually an area of broad bipartisan agreement. Last year, more than 150 Members of Congress from both sides of the aisle proposed legislation providing incentives to use clean-burning natural gas in our vehicles instead of oil. They were even joined by T. Boone Pickens, a businessman who made his fortune on oil. So I ask them to keep at it and pass a bill that helps us achieve this goal."
About Clean Energy Fuels
Clean Energy (Nasdaq: CLNE) is the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle market. It has operations in CNG and LNG vehicle fueling, construction and operation of CNG and LNG fueling stations, biomethane production, vehicle conversion and compressor technology.
Clean Energy fuels over 21,200 vehicles at 224 strategic locations across the United States and Canada with a broad customer base in the refuse, transit, trucking, shuttle, taxi, airport and municipal fleet markets. Clean Energy del Peru, a joint venture, fuels vehicles at two stations and provides CNG to commercial customers in Peru. We own (70%) and operate a landfill gas facility in Dallas, Texas, that produces renewable natural gas, or biomethane, for delivery in the nation's gas pipeline network. We are building a second facility in Michigan. We own and operate LNG production plants in Willis, Texas and Boron, Calif. with combined capacity of 260,000 LNG gallons per day and that are designed to expand to 340,000 LNG gallons per day as demand increases. NorthStar, a wholly owned subsidiary, is the recognized leader in LNG/LCNG (liquefied to compressed natural gas) fueling system technologies and station construction and operations. BAF Technologies, Inc., a wholly owned subsidiary, is a leading provider of natural gas vehicle systems and conversions for taxis, vans, pick-up trucks and shuttle buses. IMW Industries, Ltd., a wholly owned subsidiary based in Canada, is a leading supplier of compressed natural gas equipment for vehicle fueling and industrial applications with more than 1,200 installations in 24 countries. www.cleanenergyfuels.com
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