Form: S-3

Registration statement for specified transactions by certain issuers

August 6, 2015

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EXHIBIT 12.1

CLEAN ENERGY FUELS CORP.
STATEMENT OF COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES
(In thousands)

 
   Year Ended December 31,    
  
 
   Six Months
Ended
June 30, 2015 		 
 
   2010   2011   2012   2013   2014  

Earnings

                                      

Pretax Income (loss)

   $ (4,209 ) $ (48,158 ) $ (99,568 ) $ (63,204 ) $ (89,784 ) $ (60,288 )

Plus: Equity (earnings) losses from equity investees

     (427 )   (637 )   (331 )   76     490     549  

Plus: Fixed charges

     4,314     15,221     32,850     39,523     55,110     23,033  

Plus: Amortization of capitalized interest

     76     111     597     1,038     1,322     753  

Less: Interest capitalized

     (434 )   (1,352 )   (6,304 )   (2,517 )   (3,160 )   (534 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Earnings

     (680 )   (34,815 )   (72,756 )   (25,084 )   (36,022 )   (36,487 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed Charges

                                      

Interest expensed and capitalized

     2,191     12,710     29,222     33,779     46,845     19,762  

Amortization of debt issuance costs

     60     339     551     1,662     4,194     1,534  

Interest within rental expense

     2,063     2,172     3,077     4,082     4,071     1,737  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Fixed Charges

     4,314     15,221     32,850     39,523     55,110     23,033  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Deficiency of earnings to fixed charges

   $ (4,994 ) $ (50,036 ) $ (105,606 ) $ (64,607 ) $ (91,132 ) $ (59,520 )
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CLEAN ENERGY FUELS CORP. STATEMENT OF COMPUTATION OF DEFICIENCY OF EARNINGS TO FIXED CHARGES (In thousands)