Clean Energy's Pickens and Littlefair "Ring the Bell" to Open Nasdaq Trading

Sept. 19, 2007 - Clean Energy's senior management and Board of Directors gathered in New York City at Nasdaq to "Ring the Bell" and start trading for the day.

This traditional ceremony recognizes Clean Energy's emergence as a public company through its IPO earlier in 2007. Founder T. Boone Pickens and President and CEO Andrew J. Littlefair led the group in memorializing the company.

Natural gas is cleaner, cheaper and domestic.

President Bush in his State of the Union address called for increasing the use of renewable and non-petroleum alternative fuels to 35 billion gallons and reducing U.S. transportation reliance on gasoline 20% by 2017.  In addition, the White House issued an executive order calling upon federal agencies to take steps to annually increase their use of alternative fuels by 10%. We applaud the President for this leadership and enthusiastically support these goals.

But we need to add natural gas as part of the solution.

Natural gas powered vehicles (NGV’s), which produce less greenhouse gases than comparable gasoline and diesel vehicles, are the fastest growing alternative fuel vehicles around the world.  In the United States, use of NGV’s is also growing – especially in high-fuel-use urban vehicles, like transit buses, refuse trucks, school buses, delivery vehicles and taxis.  They are also growing in use as clean commuter vehicles.

NGV’s are already displacing several hundred million gallons of petroleum annually and that number can increase rapidly.  If there were a major focus on producing natural gas-like biomethane from landfills, sewage and animal waste, NGV’s running on biomethane alone could displace 10 billion gallons of petroleum annually – almost a third of the President’s goal.

Heavy-duty vehicles fueled by natural gas (CNG and LNG) reduce greenhouse gas emissions as much as 20% compared to diesel-fueled vehicles.  Light-duty vehicles fueled by natural gas reduce those emissions even more compared to gasoline-fueled vehicles.

The simple fact is: Natural gas for vehicles works – and works well.  It is cleaner, cheaper and an abundant domestic resource.

Approximately 97% of the natural gas used in the United States comes from America.

Natural gas can play a significant role in the long-term imitative to reduce petroleum usage in the United States.