​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.

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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.

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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.

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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.

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

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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.

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

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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.

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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.

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

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

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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.

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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.

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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)

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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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