Congress close to raising fuel economy standards - CNN

The centerpiece of the bill is a requirement that would raise the corporate average fuel economy standard, known as CAFE, from 27. Ed Markey, D-Massachusetts, chairman of the House Select Committee on Global Warming, said in an interview that the higher standard "will be a huge victory. House Energy and Commerce Chairman John Dingell, D-Michigan, who has been a key negotiator on the compromise bill and defender of auto industry interests, is pushing for some significant changes to the Senate version. In an interview Wednesday with a Detroit television station, Dingell said he’s supportive of the new standard, but stressed "we’ve got to do it in a way that doesn’t destroy our industry or manufacturing. According to a recent analysis by the Union of Concerned Scientists, a nonprofit environmental group, if the 35 mpg limit was implemented, it would translate into a savings for consumers of $25 billion at the pump in 2020. read more

[Tags]bill, dingell, house, standard, billion, fuel, fuel economy[/Tags]

Share This