CAFE: Still possible

Citigroup finds Senate fuel efficiency targets attainable 2

Financial giant Citigroup recently analyzed the question of whether the CAFE fuel-efficiency targets in the Senate energy bill are possible for the automakers to meet.

Its finding: Yes, they are "tough but attainable" (sub rqd), and might even prove a net financial benefit.

Said Rep. Ed Markey: "When you have the world's number one bank, which has financial ties to many major automakers, saying fuel economy standards are a good economic play, it drives a stake through the heart of the auto industry's scare tactics."

Yup.

David Roberts is staff writer for Grist. You can follow his Twitter feed at twitter.com/drgrist.

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  1. GreyFlcn Posted 10:04 am
    25 Oct 2007

    The real question beingWill it be CAFE without a separate class for Light-Trucks and Cars.

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  2. kwolph Posted 1:31 pm
    25 Oct 2007

    One Point Goes to CAFEIts great to hear that Citigroup has taken the time to go through the economical implications of applying the CAFE standards into the lives of Americans.  It gives me the indication once again that the ones hit hardest with changes will be the car manufacturing industry.  While I have a slight symphathy for all American car companies that have to deal with new corporate average fuel standards (not really, it's their job), it really pushes my buttons that they can not just accept that America needs change.  It is clear that America is becoming more consciouness of enviromentalism. Lets move forward instead of keeping our feet bared in the sand and sinking down.  Check out http://energybill2007.us to learn more about CAFE and RES standards and what you can do to help Congress make a decision that will affect our live in a tremendously positive way.

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