CALSTART, an industry consortium of more than 150 clean transportation manufacturers, fleets and suppliers, applauds the California Air Resources Board’s (ARB) strong support for low carbon fuels. The ARB re-adopted the Low Carbon Fuel Standard (LCFS), ensuring that fuels are 10% less carbon intensive by 2020. Lower carbon fuels emit fewer pollutants.
“The Low Carbon Fuel Standard requires fuel producers to innovate and invest in cleaner fuels. Because of strong policy direction, a number of California industries have been doing their part - now it's time for the oil industry to do its fair share. Today’s [September 25] action by the Air Resources Board will spur investment and encourage job growth in California, enabling the development of fuels we can truly live with for decades to come,” says John Boesel, President and CEO, CALSTART.
According to a recent report by Environmental Defense Fund and the American Lung Association, cumulative benefits from the LCFS plus California’s cap-and-trade program will result in $10.4 billion in avoided health, energy insecurity and climate change costs by the year 2020.