​Under the Paris Agreement, Canada has committed to reducing annual GHG emissions by 30% below 2005 levels by 2030. However, the most recent climate report forecasted Canada to fall short of this goal by 77 Mt CO2eq.

The 2020 announcement of the revised Carbon Tax, as well as the introduction of the Clean Fuel Standard, illustrate that fuel-intensive industries have been targeted to account for further reductions to achieve the Paris target.

Policies & Pressure

The Carbon Tax ("CT") increases the cost of consuming fuels, such as gasoline and diesel, at the pump.

The Clean Fuel Standard ("CFS") imposes penalties on companies that supply carbon-intensive fuels, such as diesel, while rewarding companies that supply cleaner fuels, such as natural gas.

Consumers and investors are using their wallets to demand change. Asset managers have warned companies that they will not invest in them unless they try to de-carbonize, while the Task Force on Climate-related Financial Disclosures ("TCFD") works to increase the public exposure and scrutiny of companies without climate initiatives.

 

To remain competitive and attract investment, fuel-intensive businesses need a practical clean fuel solution.

Liquefied Natural Gas ("LNG") presents a market-ready, sustainable solution to supply clean-burning fuel for businesses such as Heavy Haul (Class 8) Trucking, Mine Haul Trucking, Rail Freight, and Remote Power Generation.

Advantages of LNG vs Diesel

Carbon Dioxide Emissions Reduction - as much as 25.0%, increasing with biogas use.

Fuel Cost Savings - greater than 30.0%, increasing as Government policy punishes diesel supply and consumption.

Particulate Matter Reduction - as much as 58.0%. Particulate Matter is detrimental to environmental and physical health.

Nitrogen Oxides ("NOx") & Sulphur Oxides ("SOx") Reduction - NOx and SOx contribute to acidification on land and at sea.

Regulatory Compliance - businesses switching to LNG fuel are eligible to earn credits under the Clean Fuel Standard.

Low Risk - LNG has the best safety record of all common fuels and is completely non-toxic.

LNG is natural gas cooled to -162°C to become a liquid, at which point it holds 1/600th the volume of its gaseous state. LNG is best suited for heavy-duty applications, and vehicles traveling long distances.

CNG is natural gas compressed to greater than 3000 PSI and is best for medium-duty vehicles traveling moderate distances, such as a city bus, or a garbage truck.

Advantages of LNG vs. CNG

Fuel Capacity - LNG tanks hold 2.5x more fuel than a similar-sized CNG tank.

Weight - LNG fuel tanks are lighter than CNG tanks as they are not pressurized.

Safety - Double-walled tank storage to preserve refrigeration, as well as low pressure, makes LNG storage safer than CNG.

Energy Density - Relative to CNG, LNG contains 2.4x more energy per diesel liter equivalent.

Refueling Cost - CNG infrastructure and operation demands high volumes of electricity to achieve the compression necessary for a "fast-fill" CNG station.

Refueling Speed - As LNG is a liquid, refueling time is comparable to gasoline or diesel, whereas CNG requires a high level of compression to refuel quickly.

Market Access - LNG can provide fuel cost-effectively for markets CNG cannot, such as remote power generation.

LNG Advantage vs Other Fuels

 

Carbon Intensity

(gCO2eq/MJ)

 

Fuel Cost

($/DLE)

 

Infrastructure

& Scalability

 

LNG

 

65.0

 

$0.50

 

Compatible with Existing Infrastructure

 

Diesel

 

100.0

 

$1.00

 

Widely Available

 

Battery Electric​

(Charging)

Variable on

Source of Electricity

 

$2.50

 

Major Infrastructure Development Required

 

Hydrogen​

(Fuel Cell)

 

Low: Variable on

Source of Hydrogen

 

$4.30

 

Major Infrastructure Development Required

Domestic LNG markets provide an opportunity to leverage Canada's talent pool, energy reserves, and energy infrastructure in a way that creates a future to utilize these assets while improving environmental sustainability.

Cool Ventures Inc.

1500, 520 5th Avenue SW

Calgary, Alberta

Canada T2P 3R7

Ph: +1 (403) 266-6141 (Main Office)

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