Clean Energy Fuels Corp.
CLNE
Energy
2
exclusion reasons
2 themes
Clean Energy Fuels Corp. is screened out under 2 exclusion reasons spanning 2 issue categories.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
Clean Energy Fuels Corp. is a transportation fuel provider whose core business is delivering natural gas to vehicle fleets across the United States and Canada. The company supplies compressed natural gas (CNG) and liquefied natural gas (LNG) as its primary fuels, with the majority of its revenue derived from these fossil natural gas products. While the company has developed a renewable natural gas (RNG) segment, its foundational business model remains centered on fossil natural gas distribution for transportation.
The company’s operations are deeply integrated into the natural gas vehicle fuel market. It contends directly with regulated gas utilities for market share, as evidenced by its legal challenge against Southern California Gas Company, arguing the utility exploits its monopoly status to unfairly compete. Clean Energy Fuels Corp. has no announced plan to phase out its fossil natural gas fueling infrastructure or transition its core business away from fossil fuel distribution.
Clean Energy Fuels Corp. operates a national network of natural gas fueling stations for transportation fleets. Its subsidiary, Clean Energy Texas LNG, was subject to a $49,500 environmental penalty from the U.S. Environmental Protection Agency in 2013 for regulatory violations.
The company’s core business involves handling and distributing liquefied natural gas (LNG) and compressed natural gas (CNG), fuels derived from fossil gas extraction. Industry research documents that oil and gas development, including associated infrastructure, is linked to landscape fragmentation, soil contamination, and long-term ecological damage from spills and leaks. While specific, large-scale spill incidents linked directly to Clean Energy Fuels are not documented in the gathered evidence, the inherent risks of its fuel distribution operations fall within the scope of environmental damage concerns.
Research Sources
10 organizations
Related Exclusions
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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