Investor Presentaiton
Low Carbon Fuel Standard (LCFS)
Government support for RNG continues to expand
Renewable natural gas production is <0.1% of the current US
natural gas supply mix; anticipated to account for ~10% of the
natural gas supply mix by 2040
29 States and the DoC have mandatory Renewable Portfolio
Standard laws requiring retail electricity suppliers to generate or
procure a minimum percentage of electricity from eligible
renewable energy sources, including RNG
California, Oregon and British Columbia have Low Carbon Fuel
Standard ("LCFS") programs that are currently in effect. New York
and Washington are in advanced stages of LCFS legislation
planning
California and \
Oregon have
LCFS programs
that are currently
in effect
O
LCFS Map
Colorado legislation
introduced compelling large
utilities to use 5% RNG by
2025, 10% by 2030 and 15%
by 2035
LCFS passed and in effect
(2 U.S. states)
Passed, 2022 2023 implementation
(1 U.S. state)
Likely future LCFS
(2 U.S. states)
LCFS under consideration
(10 states)
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I
Industry updates
April 22, 2021, President Biden set 2030 GHG reduction goal of achieving a 50 - 52%
reduction from 2005 levels by 2030
On May 25, 2021, the BioDiesel Tax Credit Extension Act of 2021 was introduced in the U.S.
Senate to extend the BTC, which is set to expire in 2022, out to 2025
August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 into law, which
includes tax credits for renewable energy investments
1. RBC Capital Markets, RBC ESG Stratify: Renewable Natural Gas (October 2020)
Green Impact
Partners
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