Low Carbon Fuel Standard (LCFS)

• LCFS is a rule enacted to reduce carbon intensity (CI) in transportation fuels as compared to conventional petroleum fuels, such as diesel and gasoline. The lower the CI score, the more beneficial impact that project has on the environment, and therefore, the more valuable each unit of energy;

• LCFS credits can be generated when renewable fuels are used as a transportation fuel in the states of California and Oregon (and soon to be Washington). When renewable natural gas (RNG) is dispensed as a transportation fuel in one of these states, both RIN and LCFS credits can be generated as these credits can be stacked; and

California allows the generation of LCFS credits by the following projects:

• Solar installation at Oil Fields in California

• Refinery Investments

• Electric Vehicle Charging Stations and Hydrogen

• Direct Air Capture (none approved to date)

• CCS (none approved to date)