1. 1 Who is E2? Environmental Entrepreneurs (E2) is a national community of individual business leaders who advocate for good environmental policy while building economic prosperity –850 members across the country Non-partisan, working on state and federal issues Non-profit, very small full-time staff Our members see the economic and environmental potential of clean fuels

2. 2 Understanding Carbon Intensities Carbon Intensity Score Carbon ReductionsVolume Carbon Reductions Gallons for one LCFS credit (grams CO2e/MJ) (kg CO2e/gallon ethanol) (MT CO2e/MG) (metric ton CO2) OR Gasoline blendstock89.3 Corn Ethanol (California Low CI) 80.70.71,000,0006931,442 Cellulosic Ethanol23.45.31,000,0005,310188 Oregon CFP = ~ 2 million metric tons in 2025 California LCFS = ~ 17 million metric tons in 2020

3. 3 Advanced biofuels – one piece of the pie Source: California Air Resources Board

4. 4 Bottom-up assessment of advanced biofuels Domestic Advanced Biofuel Capacity In millions of gallons/year

5. 5 Million Metric Tons of Reduction from E2-tracked Advanced Biofuels Applying E2 numbers to Metric Tons

6. 6 Sufficient Buffer Proposed ARB compliance paths and banked credits estimated to comply with LCFS Source: California Air Resources Board

7. 7 Applying E2 numbers to Metric Tons 20132014201520162017 California + Oregon Requirement (MMT CO2e reduction)2.363.315.217.039.62 Emissions Reductions Adv Biofuel (Low-End)7.157.447.697.969.34 Emissions Reductions Adv Biofuel (High-End) 7.158.5710.1713.2315.84 Difference (Low-End)4.794.132.480.93-0.29 Difference (High-End)4.805.264.966.206.22 All units in Millions of Metric Tons (MMT) Million Metric Tons of Reduction from E2-tracked Advanced Biofuels