Clean fuels work, and here’s why.
The Clean Fuels Standard launched January 2016. The Standard offers a brighter economic and environmental future for Oregon by offering drivers more options when they fuel up. By gradually transitioning to cleaner fuels like electricity, sustainable biofuels, biogas and propane, Oregon will reduce transportation costs, support our local economy, create good-paying jobs, cut climate pollution and lessen our dependence on Big Oil.
The Clean Fuels Standard is a flexible, market-based, performance driven standard. Companies are already enrolling to produce or sell more clean fuels in Oregon, from Fred Meyer’s purchase of 500,000 gallons of renewable compressed natural gas for its local fleet, to Tesla Motor’s signing on to generate Clean Fuels credits from 697,000 kilowatt-hours worth of electric vehicle charging at Tesla-owned charging stations. And that’s just the beginning: new companies are signing up every day. Oregon’s Clean Fuels Standard is projected to:
- Save Oregonians as much as $1.6 billion in fuel costs
- Create between 800 and 29,000 jobs
- Grow personal income by as much as $2.6 billion
- Generate as much as $2.1 billion in Gross State Product
HOW THE CLEAN FUELS STANDARD WORKS
The Clean Fuels Standard requires oil companies to reduce carbon pollution from their gasoline and diesel fuel by 10% over ten years. The Clean Fuels Standard is technology-neutral: it supports different transportation solutions in different sectors and gives the oil industry options to either blend low-carbon biofuels or purchase credits from clean fuel providers for fuels like electricity that can’t be blended. The Clean Fuels Standard does not regulate the public, and it does not regulate gas stations and other Oregon small businesses.
There are a lot of homegrown clean fuels options, including electricity, biogas and natural gas, sustainable biofuels, and propane. Unlike imported gasoline and diesel, many of these clean fuels alternatives are being produced by Oregon businesses—and in most cases, these options are cheaper than gas and diesel.