November 18, 2008

AGs: Automakers Must Make Greener Cars To Receive Federal Aid

Seven state attorneys general have written to Speaker of the House Nancy Pelosi and Senate Majority Leader Harry Reid, urging them to require financially troubled automakers to produce more fuel-efficient cars and cut GHG emissions if those companies receive any federal aid, Legal Newsline reports.

“[I]f the U.S. auto industry is serious about taking millions in aid from our pockets, it must show us that it too is serious about global warming and taking a leading (and therefore profitable) role as a producer of fuel-efficient and carbon-sensitive vehicles,” the letter states.

California’s Jerry Brown, Connecticut’s Richard Blumenthal, Maryland’s Doug Gansler, Massachusetts’ Martha Coakley, Oregon’s Hardy Myers and Rhode Island’s Patrick Lynch joined in the letter.

Troubled automakers are seeking $25 billion in loans from the recent $700 billion bailout package.
The bailout also included a one-year extension of the production tax credit for wind; an eight-year extension of the investment tax credit for solar; and a removal of $2,000 cap for residential solar installation.

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