, based in Redwood City, California, combines technology and commodities expertise to offer businesses price predictability to increasingly volatile fuel prices. The company also offers CarbonLock, a unique, patented “green fleet” program that allows fleets and businesses to efficiently acquire certified carbon offsets and become carbon neutral. We caught up with CEO and Founder Robert Fell to learn just how CarbonLock works.
Checkout the Carbonlockpress release we posted recently.
COD: CarbonLock sounds like a great solution for fleet owners to track and offset their emissions. Can you explain the science behind CarbonLock?
Robert: CarbonLock is a great way for fleet owners to offset their carbon footprint because we can monitor actual fuel usage and accurately calculate and offset carbon emissions in a way that’s very easy for fleet owners to implement. We work with leading inventory providers such as Goldman Sachs and JP Morgan to bring certified high quality offsets to our customers.
COD: Measuring carbon emissions can be a daunting task. How does CarbonLock’s tracking work?
Robert: We have two ways to track actual fuel usage for our customers: For our customers who use our fuel card, we get a record every time they buy gas, so we can track how many gallons they have purchased. Secondly, we are fuel card agnostic and work with several other fuel card providers to get monthly and annual reporting on spent fuel for our customers. This gives us the ability to accurately determine their fuel usage, and from that, we can accurately calculate the amount of carbon dioxide emissions and the number of offsets needed to make the fleets carbon neutral.
COD: What customers use CarbonLock today?
Robert: Pricelock is in discussion with several industry leading automotive companies about integrating CarbonLock as part of their car sales incentives.
COD: In five years from now, the U.S. will likely have a much different climate policy than it does today. How will new regulation impact shippers and other companies you work with?
Robert: We expect to see an increasing focus on sustainability and environmental care in U.S. business. A growing number of businesses are taking steps to manage their greenhouse gas emissions and reduce their climate impact. These businesses are enhancing their brands, motivating employees and customers, becoming more efficient and saving money. We also expect to see companies increasingly demand that their vendors and contractors reduce their own carbon footprint or participate in carbon neutrality programs such as CarbonLock.
COD: As part of your CarbonLock solution you offer carbon offsets to your clients. Where do these come from?
Robert: We purchase carbon offsets from variety of reputable sources to ensure high quality and good vintage. We can provide these offsets domestically, as well as internationally, across all major carbon offset categories such as forestry and land projects, renewable energy, methane destruction and energy efficiency.
COD: Carbon offsets continue to receive a good deal of criticism. What’s the bottom line, are carbon offsets a useful tool or not?
Robert: If a fleet owner can reduce his/her carbon emissions, that’s always the first step to take. But it’s impossible to reduce one’s carbon emissions to zero. Going carbon neutral by purchasing carbon offsets is a practical and affordable way to do something about those remaining emissions.
Pricelock can be found on the Web at .