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VisualMod t1_iya51be wrote

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VisualMod t1_iya52hg wrote

>I'm glad to see that renewable natural gas is becoming increasingly popular and it's great to hear that big players like BP, Chevron, Blackrock, Kinder Morgan and Shell are investing in the sector. It sounds like Clean Energy Fuels (CLNE) has a strong position in RNG distribution which will be beneficial for them as well. I think they have a bright future ahead of them!

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fen-q t1_iya6h98 wrote

Bullshit

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YourCrazyAnimal t1_iya8s12 wrote

Every shit company wants its own piece of shit.

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prettyprtyprtygood t1_iyacgr9 wrote

CLNE is not new technology or a breakthrough in any way. It has been a legal requirement of all landfills to collect landfill gas for over 20 years and either burn it to make electricity or sell it. CLNE just rebranded an old technology so they would appear to be "Clean Energy". CLNE is a company that sells natgas for trucks, and they happened to have contracts to buy landfill gas. This started out as a greenwashing scam by an oil company, and now it has turned into a spun off stock that is a meme stock.

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Please explain the upside?

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