U.S. Sens. Mark Warner (D) from Virgina and Richard Burr (R) from North Carolina introduced the Renewable Natural Gas Incentive Act, a bipartisan legislation that provides a $1 per gallon tax credit for renewable natural gas used as a transportation fuel, further supporting clean and efficient and transportation across the country.
“Renewable natural gas is a clean, affordable, and reliable fuel source that can help lower emissions from heavy-duty vehicles,” said Senator Warner. “I am proud to introduce legislation to incentivize investment in clean vehicles that will have a positive impact on our environment while significantly aiding in the transition to a clean energy economy.”
“Renewable natural gas offers an affordable, reliable, and sustainable transportation fuel for industries across America,” said Senator Burr. “This bill provides a tax credit to keep our country’s trucks and buses moving, lowering the cost of doing business while improving air quality, decreasing our reliance on foreign energy, and creating high-paying jobs. I am proud to work with Senator Warner on this commonsense bill that will support American energy independence for years to come.”
Previously, renewable natural gas received a lower tax credit than similar transportation fuels, despite its ultra-low emissions and ability to deliver economic growth as a scalable alternative energy source. The Renewable Natural Gas Incentive Act would create a $1.00 per gallon tax credit for sellers of renewable natural gas used for transportation.
“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,” said Andrew J. Littlefair, CEO and president of Clean Energy Fuels Corp, the country’s largest provider of biomethane, who issued a statement in support of the bill.
“Because renewable natural gas 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 renewable natural gas,” he added. “The bipartisan approach to this legislation demonstrates the win-win-win nature of renewable natural gas – 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.”
Source: Senator Warner/Clean Energy